China to shorten negative lists and encourage more foreign investment in high-tech, modern services industries


A pedestrian wearing protect a protective mask walks along a road under surveillance cameras in Beijing, China, on Friday, March 5, 2021. China set a conservative economic growth target of above 6% for the year, well below what economists forecast, and outlined ongoing fiscal support to keep the recovery going. - Bloomberg

BEIJING, March 5 (Xinhua): China will further shorten the negative lists for foreign investment access, according to the draft outline of the 14th Five-Year Plan (2021-2025) for national economic and social development and the long-range objectives through the year 2035, which was unveiled on Friday.

China will also encourage more foreign investment in medium- and high-end manufacturing industries, high-tech industries, transformation and upgrading of traditional manufacturing industries and modern services industries, according to the draft outline of the 14th Five-Year Plan (2021-2025) for national economic and social development and the long-range objectives through the year 2035.

Also in another area, China will also encourage more foreign investment in the central and western regions over the next five years, said the draft outline unveiled on Friday (March 5).

China also said it actively considers joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a draft outline during the five-year plan meeting.

China set a conservative economic growth target of above 6% for the year, well below what economists forecast, and outlined ongoing fiscal support to keep the recovery going. - Xinhua
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