Foreign financial institutions, including those from the US, remain optimistic about the long-term development prospect of Chinese economy and aim to explore more investment opportunities in the country, as the country s high-level opening up in the financial sector offers wider access to the huge market.
Chinese provinces have announced new policies to attract more foreign investment-backed companies to set up research and development (R&D) centers and head offices, in a bid to promote the nation s opening-up amid global uncertainties.
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China’s top leadership has stressed efforts to actively participate in the reform of the World Trade Organization (WTO) and improve the ability to handle high-level opening-up.
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, made the remarks while presiding over a group study session of the Political Bureau of the CPC Central Committee on Wednesday, Xinhua News Agency reported.
Some Western officials and media outlets continue to claim that China is “uninvestable” and that there is widespread “foreign capital flight” out of the country, but global businesses, including those from the West, continue to come to China in droves.