Extracts from Foreign Ministry Spokesperson’s Regular Press Conference
Beijing Youth Daily: It is reported that the total amount of foreign investment to China is expected to reach at least USD$690 billion for the period of the 13th Five Year Plan, USD$60 billion higher than the 12th Five Year Plan period. China is also one of the few major economies to achieve positive growth in inbound foreign investment, and it is expected that China’s paid-in foreign investment in 2020 will hit a historic high of over USD$140 billion. What‘s your comment on this?
Zhao Lijian: These data clearly show that the dividends of China’s continuous policy of opening up are being released at an accelerated rate, and the positive effects are being felt around the world. China has been and will always be a sought-after destination for investors all over the world.
According to a recent briefing by the competent departments, from 2017 to 2020, China has been shortening the negative lists for foreign investment for four consecutive years, and the latest National Negative List and FTZ Negative List have cut the item numbers to 33 and 30 respectively. Major opening up measures for foreign investment have been taken in sectors like manufacturing, energy and resources, infrastructure, agriculture and finance. China’s practices on opening up prove that we act on our words.
At present, China is speeding up the fostering of a new dual-circulation development paradigm. Foreign businesses, as a significant part of both the domestic and the international circulation, is welcome to play an important role in accelerating the formation of the new development paradigm, seize opportunities as China opens wider to the outside world, and achieve greater success with win-win results.