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Premier Li Vows Better Environment for Foreign Investment

Premier Li Keqiang said China will create a better investment and operation environment for foreign businesses.


China will continue to roll out opening up policies, and existing policies to attract foreign investment will remain unchanged, Li said during an inspection of Shanghai Pilot Free Trade Zone on November 21 and 22.


China not only has a huge market, but is also rich in human resources, Li stressed.


Although China's per capita natural resource level is below the global average, unlimited development space can be created on the back of combination of imagination and creativity from the hundreds of millions of talented people at home and abroad, he said.


China welcomes foreign investors to establish businesses in the country and achieve mutual benefit and win-win results, Li added.


China is a top destination for foreign investment, Li said.


Mass entrepreneurship and innovation chimes with the current technological revolution and emergence of new business models, and is also an inevitable choice for companies looking to give full play to their strengths, he stressed.


The global economic recovery is anemic, and "economic and trade cooperation needs to be strengthened in an all-round way" to reverse the decelerating growth of global trade and to promote global trade and investment liberalization vigorously, Li said.


Li called for the sharing of experience from the Shanghai Pilot Free Trade Zone, promoting reform and opening up in a vigorous way, and more support to increase foreign trade competitiveness.


Reforms should be designed to strengthen the role of the market and create market vitality, Li said.


Achieving this goal relies not only on people, but also on the strength of institutionalized mechanisms, he added.


Effective supervision creates an environment conducive to simplifying administrative procedures and delegating power to lower levels. It can also create a platform for improved government services, lower operational costs, facilitate the growth of enterprises, and unleash peoples' creativity, Li stressed.


(Xinhua News Agency November 23, 2016)

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