Date
26 April 2018
China will protect the legitimate rights of foreign firms and create a fair and transparent business environment, says Zhong Shan. Photo: Reuters
China will protect the legitimate rights of foreign firms and create a fair and transparent business environment, says Zhong Shan. Photo: Reuters

China vows easier market access for foreign investors

China will make it easier for foreign investors to access the country’s markets, the nation’s trade minister said, adding that Beijing will protect the investors’ rights and ensure a fair and transparent operating environment.

In comments published on Sunday, Zhong Shan said the government will seek to “raise the level of use of foreign investment”, Reuters reports.

China will make market access a lot easier, protect the legitimate rights of foreign firms and create a “fair, transparent and predictable business environment”, Zhong wrote in the latest issue of Qiushi, a Communist Party theoretical journal.

Zhong said that there will be no “stagnation” to Beijing’s reform and opening-up process, and pledged China will “fully become a strong business and trade country before 2050″.

The comments came as foreign business groups in China have complained that foreign firms face an increasingly hostile environment in the country, and that Beijing’s policies and regulations unfairly favor domestic competitors, Reuters noted.

Companies have also been worried about a lack of regulatory transparency, including inadequate protection for intellectual property.

– Contact us at [email protected]

RC

EJI Weekly Newsletter

Please click here to unsubscribe