China’s foreign investment door ‘will only open wider and wider’, Premier Li Keqiang insists
- Premier Li Keqiang told Japanese business community representatives that China will deepen its reform and opening up to attract more foreign investment
- Foreign business groups in China have been increasingly raising concerns over the mounting challenges of operating in the world’s second-largest economy this year
Beijing insists it will ensure a “transparent, stable and predictable” regulatory environment to maintain its status as a hotspot for investment, at a time foreign businesses have become increasingly cautious about putting money into China amid its tightening zero-Covid policy and rising geopolitical tensions.
Li said Beijing’s reform and opening policy, which has been an important engine for China’s spectacular economic growth for over four decades, is a key to coping with numerous headwinds, according to the official Xinhua News Agency.
“China will adhere to the basic national policy of opening up, and the door to opening up will only open wider and wider,” Li said.
[We will] ensure transparent, stable and predictable regulatory rules, further relaxing market access, strictly protecting intellectual property rights
The country will continue to deepen its reforms by creating a business environment that is international, market-oriented and respecting the rule of law, Li added.