Zhao Chenxin, deputy head of the China National Development and Reform Commission, has assured of the country’s plan to advance its foreign investment.

Mr Zhao gave the assurance at the news conference on the sideline of the 20th National Congress of the Communist Party of China (CPC) in Beijing.

According to him, the Chinese authorities would take strategic steps to tackle perceived difficulties facing foreign investment projects implementation in terms of investment, production and operation.

“This is to ensure the smooth implementation of foreign investment projects. We will advance high-level opening-up and strengthen policies centred on attracting foreign investment,” said Mr Zhao. “To better unleash (the) potential of foreign investment in promoting high-quality development and smoothing domestic and international circulations.”

He added that the sixth list of major foreign investment projects of China’s efforts to promote foreign investment and expand high-level opening-up would soon be released.

Mr Zhao further mentioned that China would offer policy support at the central government level regarding the industrial plan, land use, environmental protection assessment and energy consumption.

He explained that the 2022 version of the industry catalogue for sectors, which encourages foreign investment, would expand the coverage and that the new catalogue would intensify support for foreign investment in advanced manufacturing, modern services, high technology, energy conservation and environmental protection.

He revealed plans to roll out policy measures to boost foreign investment quality and quantity, focusing on the manufacturing sector.

He, however, said that such would improve services and promote all foreign investment and its high-quality development. 

(NAN)