国内英语资讯:Xi urges faster opening up, better business environment_时事

国内英语资讯:Xi urges faster opening up, better business environment

A negative list approach identifies sectors and businesses that are off-limits or restricted for investment.

Xi also called for faster work to unify laws and regulations on domestic and foreign businesses and make new fundamental laws on foreign investment.

Laws, rules, and policies out of tune with the overall direction and principle of opening up should be abolished or revised within a time limit, and national treatment in laws and policies should be granted to foreign-funded companies after they enter the market, the president said.

Xi urged megacities like Beijing, Shanghai, Guangzhou, and Shenzhen to take the lead in improving business environment, demanding moves to reduce inspections and fines on companies and ban illegal fee charging.

He stressed the importance of protecting intellectual property rights (IPR), calling on authorities to better laws and regulations, improve the quality and efficiency of intellectual property examinations, and speed up institutional improvement for IPR protection related to emerging sectors and new business types.

Wrongdoing should be punished more severely so that IPR infringers will pay heavy prices, said the president.

Speaking of the financial sector, Xi said those areas that help protect consumers' rights and interests, promote orderly competition, and prevent financial risks should be opened up faster.

He demanded efforts to advance opening-up of the capital account in an orderly manner, and steadily push the yuan to become an international currency.