China takes measures to promote foreign investment growth
Skyscrapers are seen at the Bund in Shanghai, June 6, 2017. [Photo/VCG] |
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.
"[The country] should further reduce market access restrictions for foreign capital," the document said.
It will roll out nationwide a negative list for investment that has been tested in pilot free-trade zones as soon as possible.
China will expand market access to allow foreign capital to enter sectors including new-energy vehicle manufacturing, ship design, aircraft maintenance and railway passenger transportation, the document said.
The government will also make fiscal and taxation support policies, improve the investment environment in national-level development zones, and facilitate the cross-border flow of personnel.
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