国内英语资讯:China Focus: China unveils shortened negative list for foreign investment_时事

国内英语资讯:China Focus: China unveils shortened negative list for foreign investment

"The new round of opening-up will provide new impetus for attracting more foreign investment, promoting market competition and raising innovation capability," the commission said.

It will also push ahead high-quality development and deep-level reforms, make new ground in pursuing opening-up on all fronts, and give strong support to the development of economic globalization.

In recent years, China has reduced the number of restricted measures on foreign investment by nearly two-thirds, and also significantly reformed the approval system for foreign investment.

Under the negative list-based approach, fields not subject to the negative list are now administered by "filing for record" management.

"China's economic development is a process of actively integrating with economic globalization and constantly expanding its opening up," the NDRC said, adding that with better industrial, policy and legal environments, China has the foundation for opening up at a higher level.

The new opening-up measures will further deepen investment cooperation between China and other countries and regions, and facilitate more extensive capital, technology, management and personnel exchanges.

"In response to the trend of the times, China's active opening-up move is conducive to not only itself but also the whole world," the NDRC said.

The country hopes to work with other countries to create a more favorable environment for promoting economic globalization, according to the commission.