China is set to implement a series of new measures to further open up its economy and attract more foreign investment in 2025, the Ministry of Commerce (MOC) announced on Wednesday.
Speaking at a press conference, MOC official Li Yongjie emphasized the country’s commitment to easing market access for foreign investors. “After placing zero restrictions on foreign investment in the manufacturing sector last year, we will now advance the opening up of our services sector this year,” Li said. “This will particularly be through pilot programs in telecommunications, medical care, and education.”
Li highlighted the government’s dedication to optimizing the business environment for foreign-invested firms. “We will continue to promote the Invest in China campaign and enhance services for foreign-invested enterprises,” she stated. “Our efforts will focus on resolving challenges these firms face in areas such as qualification licensing, standard setting, and government procurement.”
The official also called for building high-level opening-up platforms that align with international economic and trade rules. “We need to continue improving the quality and efficiency of our pilot free trade zones,” Li added.
These initiatives reflect China’s ongoing efforts to integrate more deeply into the global economy and to support international businesses seeking opportunities within its borders. The expansion of the services sector and the commitment to creating a more favorable business environment are expected to provide significant opportunities for entrepreneurs, investors, and market analysts worldwide.
Reference(s):
China pledges to expand opening up, welcomes foreign investment
cgtn.com
