"Foreign Investment Thrives in China: CPC Official"
China continues to offer significant opportunities for foreign investment, according to an official from the Communist Party of China (CPC).
TroibNews 
China is set to attract more foreign investment as its business climate improves and market opportunities grow, stated a senior Communist Party of China (CPC) official on Friday.
According to Han Wenxiu, the executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, opening up to the global market is a core national policy of China, and foreign companies play a significant role in the country's economic growth. He made these comments during a press conference.
Plans from the third plenary session of the 20th CPC Central Committee include expanding institutional openness step-by-step, easing market access, and ensuring equal treatment and legal rights for foreign businesses.
Han highlighted that China will actively align with high-standard international economic and trade regulations to ensure compatibility in areas like property rights, industrial subsidies, environmental standards, labor protection, government procurement, e-commerce, and finance.
Measures will be taken to remove limits on foreign investment in manufacturing, broaden the catalog of industries that welcome foreign investment, and reasonably shrink the negative list for foreign access, he noted.
China aims to equally support the growth of both domestic and foreign enterprises, ensuring that foreign firms receive the same treatment as national ones in terms of resource access, qualification permits, standards setting, and government procurement.
Han also mentioned that economic globalization faces considerable challenges. He emphasized the importance of opposing unilateralism and protectionism, and the collective responsibility of governments and businesses worldwide to uphold the security and stability of the global economic order and industrial and supply chains.
Aarav Patel contributed to this report for TROIB News
According to Han Wenxiu, the executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, opening up to the global market is a core national policy of China, and foreign companies play a significant role in the country's economic growth. He made these comments during a press conference.
Plans from the third plenary session of the 20th CPC Central Committee include expanding institutional openness step-by-step, easing market access, and ensuring equal treatment and legal rights for foreign businesses.
Han highlighted that China will actively align with high-standard international economic and trade regulations to ensure compatibility in areas like property rights, industrial subsidies, environmental standards, labor protection, government procurement, e-commerce, and finance.
Measures will be taken to remove limits on foreign investment in manufacturing, broaden the catalog of industries that welcome foreign investment, and reasonably shrink the negative list for foreign access, he noted.
China aims to equally support the growth of both domestic and foreign enterprises, ensuring that foreign firms receive the same treatment as national ones in terms of resource access, qualification permits, standards setting, and government procurement.
Han also mentioned that economic globalization faces considerable challenges. He emphasized the importance of opposing unilateralism and protectionism, and the collective responsibility of governments and businesses worldwide to uphold the security and stability of the global economic order and industrial and supply chains.
Aarav Patel contributed to this report for TROIB News
