More openings on the horizon

BEIJING: China will continue to improve its business environment, expand market access and roll out new policies at the appropriate time to stabilise foreign direct investment (FDI) and refine the inflow structure, while keeping policies stable to facilitate growth in foreign trade, according to the Ministry of Commerce last Friday.

Based on the impressive achievements the country has made last year in FDI and foreign trade, as well as in facing the challenges arising from the pandemic, China will open wider to the rest of the world in its pursuit of forming a “dual circulation” development paradigm, in which foreign trade and investment play important roles, ministry officials said.