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Zhang Gaoli: China's Environment for Foreign Investors Will Be Constantly Optimized

On March 24, 2017, Member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier Zhang Gaoli said that China's environment for foreign investors will be constantly optimized when meeting with the Chinese and foreign entrepreneurs present at the Boao Forum for Asia Annual Conference 2017 in Boao, Hainan. We will advance opening-up to a deeper and higher level and vigorously create a fair, transparent, standard and credible business environment. We are deepening the reform of foreign investment management system. Now more than 95 percent newly-established foreign-funded enterprises have no more need of review and approval, but only a simple filing process. We will revise the Catalogue for the Guidance of Foreign Investment Industries, and further ease market access for foreign investment. Foreign enterprises will find equality as Chinese enterprises in terms of license applications, standards setting, government procurement and other areas. We will accelerate the construction of pilot free trade zone. With an increasingly better investment environment, China will remain a hotspot for foreign investment.

Zhang Gaoli pointed out that we hope foreign investors could optimize their investment orientation and actively participate in major regional development strategies, further optimize the industrial structure and regional distribution of their investment, increase investment in advanced manufacturing industries, ecological and environmental management and underdeveloped areas; improve investment quality, adapt to China's supply-side structural reforms, pursue an innovation-driven development strategy, enhance cooperation in research and development in China, speed up the efforts to the introduction and utilization of advanced technologies, talents and management experience; achieve mutual benefit and win-win results, abide by the laws and regulations of China, better fulfill their social responsibilities, spread positive energy to the whole world and boost the confidence of the market on the prospects of China's economic development.

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