China will continue to relax market access, expand institutional openness and foster a more enabling business climate, in order to better attract and utilize foreign investment, especially in the face of rising global protectionism and escalating geopolitical tensions, officials and experts said on Wednesday.
As persistent economic headwinds have dampened the confidence of global investors, China's supersized market, coupled with its robust manufacturing capabilities and extensive supply chain networks, has become a major draw for foreign companies looking to expand their global footprint, they said.
