Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    China's wider opening-up a boost for whole world

    Xinhua | Updated: 2018-05-31 17:08
    Share
    Share - WeChat
    Customers pick imported milk powder cans at an e-trade expo. [Photo by Zhang Tao/For China Daily]

    BEIJING - China's latest opening-up measures of easier trade policies and increased import orders will benefit its high-quality development and boost world economic growth.

    China announced Wednesday a series of opening-up measures to create a fairer, more transparent and easier investment environment for foreign-funded companies.

    The measures include relaxing market access, enhancing investment and better protecting the interests of foreign investors, according to an executive meeting of the State Council chaired by Premier Li Keqiang.

    At the meeting it was decided that investment facilitation would be enhanced based on international standards. The negative list on market access for foreign investors will be revised and released before July 1.

    "These measures are China's concrete moves to fulfill its commitment of wider opening-up and also meet the demand of its own development goals," said Bai Ming with the research department of the Ministry of Commerce.

    "Attracting foreign investment is very much in line with China's supply-side structural reform, which calls for higher-quality resources," said Yang Changyong, a senior researcher from the Chinese Academy of Macroeconomic Research.

    Since China began reform and opening-up four decades ago, foreign investment has created an important boost for economic growth.

    Foreign direct investment in the Chinese mainland rose 7.9 percent to reach 878 billion yuan ($138.6 billion) in 2017, an all-time high.

    "As China transitions from high-speed growth to high-quality development, the quality of foreign investment should also be improved," Yang said. "To attract more high-quality investment, China should create a more encouraging environment, with mechanisms such as the negative list approach pushed forward."

    Besides wider market access, China pledged to expand imports, as it aligns with the country's goal of increasing consumption.

    During Wednesday's meeting, the premier announced further cuts of import tariffs for consumer goods starting July 1, including clothing, shoes, home appliances and cosmetics, to meet demand and boost quality and industrial upgrading.

    The announcement came on the heels of China's plan last week to cut import tariffs on vehicles and auto parts from July 1 to upgrade the auto industry.

    "As people's incomes increase, the demand for healthy food, healthcare products and creative cultural goods is showing rapid growth, and imports in these fields will meet such demand," said Li Dawei, a researcher with the Chinese Academy of Macroeconomic Research.

    He said tariff cuts would help China achieve balanced trade, upgrade the domestic industrial chain and boost technology innovation.

    "Expanding imports is an important way to achieve mutual benefit," said Li, noting that China's huge market potential would enable other countries to achieve common development and prosperity.

    "These measures signal that China wishes to not only improve itself, but to inclusively share the benefits derived from China's development model," Li said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲人成中文字幕在线观看 | 中文资源在线官网| 亚洲国产中文字幕在线观看| 成?∨人片在线观看无码| 无码精品尤物一区二区三区| 中文 在线 日韩 亚洲 欧美| 欧洲无码一区二区三区在线观看| 一区二区中文字幕| 亚洲成a人在线看天堂无码| 无码人妻视频一区二区三区| 中文字幕无码毛片免费看| 亚洲AV永久无码精品一区二区国产| 永久免费av无码网站yy| 欧美亚洲精品中文字幕乱码免费高清 | 在线观看免费无码专区| 视频二区中文字幕| 久别的草原在线影院电影观看中文| 无码少妇一区二区性色AV | 精品国产V无码大片在线看| 日韩电影免费在线观看中文字幕| 天堂AV无码AV一区二区三区| HEYZO无码综合国产精品227| 无码AV天堂一区二区三区| 亚洲国产精品无码中文字| 日韩综合无码一区二区| 亚洲福利中文字幕在线网址| 亚洲一区二区中文| 欧美中文字幕在线视频| 久久精品aⅴ无码中文字字幕不卡| 天堂AV无码AV一区二区三区| 青春草无码精品视频在线观| 精品无码综合一区| 下载天堂国产AV成人无码精品网站| AAA级久久久精品无码区| 18禁裸乳无遮挡啪啪无码免费 | 性无码一区二区三区在线观看| 人妻少妇久久中文字幕一区二区 | 亚洲无av在线中文字幕| 亚洲AV中文无码字幕色三| 中文字幕久久欲求不满| 亚洲伊人久久综合中文成人网 |