China’s Commerce Minister Zhong Shan speaks at the 11th World Trade Organization’s ministerial conference in Buenos Aires, Argentina December 11, 2017. REUTERS/Marcos Brindicci
BEIJING: China will make it easier for foreign investors to access the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments published on Sunday, reported Reuters.
Writing in the latest issue of Communist Party theoretical journal Qiushi, Zhong said that the government would â€śraise the level of use of foreign investmentâ€ť.
China would make market access a lot easier, protect the legitimate rights of foreign firms and create a â€śfair, transparent and predictable business environmentâ€ť, he added, without giving details.
Foreign business groups in China have warned that foreign companies face an increasingly hostile environment in the country, and that Beijingâ€™s policies and regulations unfairly favor domestic competitors.
Companies have also been worried about a lack of regulatory transparency, including inadequate protection for intellectual property.
Zhong said that there would be no â€śstagnationâ€ť to Beijingâ€™s reform and opening-up process, and pledged China would â€śfully become a strong business and trade country before 2050â€ť.
Story first published: 31st December 2017