New guidelines to draw more foreign investment

A view of the Lujiazui area in Shanghai. [Photo/VCG]

BEIJING: China has issued 24 new guidelines to attract more global capital and further optimise the country’s business environment for multinational corporations.

The guidelines, which were part of a policy document released on Sunday by the State Council, China’s cabinet, cover topics such as encouraging foreign investors to undertake major scientific research projects, ensuring equal treatment of foreign and domestic companies and exploring a convenient and secure management mechanism for cross-border data flows.