China eases foreign investment rules and boosts services trade as announced in an executive meeting led by Premier Li Qiang.
One of the approved documents was the 2024 negative list for foreign investment, which outlines special administrative measures. This list reveals China’s plan to further ease foreign investment restrictions by removing entry barriers in the manufacturing sector and accelerating the opening of sectors like telecommunications, education, and healthcare.
Another document established guidelines to promote the high-quality development of services trade through enhanced openness. The meeting emphasized that expanding services trade is crucial for advancing high-level opening up and creating new foreign trade opportunities.
The meeting also discussed measures to boost innovative development in key services trade areas and to integrate services trade with goods trade. It highlighted the need to create new growth drivers for services trade and support the international expansion of professional services, including finance, consulting, design, and certification.
Additionally, the meeting addressed policy coordination in taxation, finance, science and technology, industry, and human resources to support SMEs that utilize advanced technologies to produce unique products. The focus is on making SMEs smarter, more digitalized, and eco-friendly to enhance their competitiveness.
Finally, the meeting underlined the importance of strengthening safety regulations for nuclear power development to ensure industry safety and promote its long-term, healthy growth.
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