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23:09, 16-Aug-2017
China to promote foreign investment growth
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China's State Council on Wednesday made public a series of measures for ensuring the steady growth of foreign investment.
China should make its foreign investment environment "more law-based, internationalized and convenient" to promote growth and raise the quality of foreign investment, according to a document from the State Council.
An aerial view of Shanghai's Puxi /Xinhua Photo
An aerial view of Shanghai's Puxi /Xinhua Photo
The document also said China should further reduce market access restrictions for foreign capital.
China is to roll out nationwide a negative list for investment that has been tested in pilot free-trade zones, and will expand market access to allow foreign capital to enter sectors such as new-energy vehicle manufacturing, ship design, aircraft maintenance and railway passenger transportation.
The government will also come up with fiscal and taxation support policies, improve the investment environment in national-level development zones, and facilitate the cross-border flow of personnel.
Source(s): Xinhua News Agency