China is taking significant strides to improve its business environment, aiming to attract more international investment and stimulate economic growth. Premier Li Qiang has emphasized the importance of creating an internationally integrated, market-oriented, and law-based business climate to boost market vitality and foster sustainable development.
At a recent State Council meeting, Premier Li highlighted the need for standardized administrative procedures, more effective regulations, and government services that align with international standards. By leveraging new technologies and streamlining policies, China aims to enhance transparency and efficiency for both domestic and foreign businesses.
These measures align with China’s ongoing efforts to further open up its economy and adhere to high international economic and trade regulations. The focus includes promoting fair competition, safeguarding intellectual property rights, creating stable and dynamic markets, and facilitating market access for foreign enterprises.
Over the past 45 years since its reform and opening-up, China has continually optimized its business environment through national reforms, significantly increasing its economic competitiveness. This progress has been recognized globally, with improvements in various international assessments.
International business leaders have noted these positive changes. Daniel Wussow, senior vice president of BASF Mobile Emissions Catalysts, praised China’s economic reforms, citing improved intellectual property protection and increased openness as key advantages for foreign companies operating in the country.
With a vast domestic market of approximately 1.4 billion people, China offers substantial opportunities for international investors. The nation’s strong macroeconomic performance, coupled with robust industrial and agricultural sectors, positions it as an attractive destination for long-term, stable investment.
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China's business environment conducive to int'l business activities
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