'Rules, institutions' emphasized

Foreign Investment Law illustrates commitment, ministry official says

China will give greater emphasis to opening-up based on rules and institutions, in a bid to pursue high-quality growth and assure an international competitive edge to its business environment, said Vice-Minister of Commerce Qian Keming.

The approval of the Foreign Investment Law is a recent example of China's commitment to promoting institutional opening-up, and experts hoped detailed regulations will come out soon.