China issues action plan to stabilize foreign investment in 2025

BEIJING -- China on Wednesday issued an action plan to stabilize foreign investment in 2025, which was approved by a recent State Council executive meeting.

The action plan was devised by the Ministry of Commerce and the National Development and Reform Commission, according to a notice issued by the General Office of the State Council.

Foreign investment is a key aspect of promoting high-standard opening-up, and plays a significant role in fostering new quality productive forces and advancing Chinese modernization, according to the action plan, which was formulated to ensure stable foreign investment in 2025.

Per the plan, China will support pilot regions in effectively implementing opening-up policies related to such areas as value-added telecommunication, biotechnology and wholly foreign-owned hospitals, providing whole-journey services for foreign-invested projects in these sectors.

The country will continue expanding its pilot programs to open up fields such as telecommunication and medical services in a timely manner.

According to the plan, China will seize the initiative by opening its education and cultural sectors further, publish implementation plans, and push those plans forward steadily.