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China to intensify efforts to attract, utilize foreign investment

Xinhua | Updated: 2023-03-05 09:41
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An employee introduces vehicle power battery and fuel cell from Freudenberg, a Germany-headquartered global tech firm, to a visitor during the fifth China International Import Expo held in Shanghai in November. [PHOTO/CHINA DAILY]

BEIJING - China will intensify efforts to attract and utilize foreign investment, according to a government work report submitted Sunday to the national legislature for deliberation.

China will expand market access, continue to open up the modern services sector, ensure national treatment for foreign-funded companies, improve services for foreign-funded companies and facilitate the launch of landmark foreign-funded projects, said the report.

The country will take active steps to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and other high-standard economic and trade agreements, and steadily expand institutional opening up by proactively adopting relevant rules, regulations, management and standards, according to the report.

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