China pledges ‘better business environment’ for foreign firms in latest bid to woo investment
- Vice-Premier Hu Chunhua says China will improve the business environment for foreign firms, including making personnel entry easier
- The world’s No 2 economy will also relax market access for foreign investors and ensure land and power supply for them, Hu says
China has pledged to address overseas companies’ concerns by fast tracking entry of staff into the country and stabilising supply chains in Beijing’s latest effort to lure foreign capital.
At a meeting on Thursday with business executives of more than 20 foreign companies, including from the United States, European Union, Britain and Japan, Vice-Premier Hu Chunhua said China will improve services for multinational firms to solve their difficulties and support investment in the country.
“We must take the initiative to benchmark high-standard international economic and trade rules, create a better business environment, and do a good job in piloting the innovation of the business environment,” Hu said.
It is necessary to take practical measures to further optimise the ‘fast track’ for personnel entry while ensuring pandemic prevention
“It is necessary to take practical measures to further optimise the ‘fast track’ for personnel entry while ensuring pandemic prevention, promote smooth international logistics and help foreign enterprises stabilise their supply chain while providing them with various pandemic preventive services,” Hu said.