Zhao Chenxin, Deputy Head of China National Development and Reform Commission, has assured of the country’s plan to advance its foreign investment.
Zhao gave the assurance at the news conference on sideline of the 20th National Congress of the Communist Party of China (CPC) in Beijing.
According to him, the Chinese authorities would take strategic steps to tackle perceived difficulties facing foreign investment projects implementation, in terms of investment, production and operation.
Zhao said, “This is to ensure the smooth implementation of foreign investment projects.
“We will advance high-level opening-up and strengthen policies centered on attracting foreign investment.
“To better unleash potential of foreign investment in promoting high-quality development and smoothing domestic and international circulations.”
He mentioned that the 6th list of major foreign investment projects of China’s efforts to promote foreign investment and expand high-level opening-up would soon be released.
He further said that China would offer policy support at the central government level regarding industrial plan, land use, environmental protection assessment and energy consumption to such projects.
He said the 2022 version of industry catalog for sectors which encourage foreign investment would expand the coverage, adding that new catalog would intensify support to foreign investment in fields such as advanced manufacturing, modern services, high technology, energy conservation and environmental protection.
He revealed plan to roll-out policy measures to boost foreign investment quality and quantity with focus on manufacturing sector, reiterating that more would be done to tackle issues that surrounds foreign investment.
He, however, said that such would improve services and promotion of all foreign investment and promote its high-quality development.
