China plans to boost foreign investment: official

Zhao Chenxin, deputy head of China’s National Development and Reform Commission, assured the country’s plan to advance foreign investment.

Zhao gave the assurance at the press conference on the sidelines of the 20th National Congress of the Communist Party of China (CCP) in Beijing.

According to him, the Chinese authorities would take strategic measures to address the perceived difficulties faced by the implementation of foreign investment projects in terms of investment, production and operation.

“It’s about ensuring the proper implementation of foreign investment projects. We will push forward high-level opening-up and strengthen policies focused on attracting foreign investment,” Zhao said. “To better unleash (the) potential of foreign investment by promoting quality development and streamlining national and international circulation.

He added that the sixth major foreign investment project list of China’s efforts to promote foreign investment and expand high-level opening-up will be released soon.

Zhao further mentioned that China will offer policy support at the central government level regarding the industrial plan, land use, environmental protection assessment and energy consumption.

He explained that the 2022 version of the industry catalog for sectors, which encourages foreign investment, would expand coverage and the new catalog would intensify support for foreign investment in advanced manufacturing, modern services, high technology. , energy conservation and environmental protection.

He revealed plans to roll out policy measures to boost the quality and quantity of foreign investment, focusing on the manufacturing sector.

He said, however, that it will improve services and promote all foreign investments and their high-quality development.