Premier Li Keqiang: China requires eliminating barriers to investment

Premier Li Keqiang: China requires eliminating barriers to investment

China is bound to remove barriers to foreign investment and generate jobs just to bolster surge in the country, the world's number two economy, as Premier Li Keqiang told.

This week, China’s authorities relaxed curbs on foreign investment, excluding up to 30 entries from a list to ensure more access into its services, mining and manufacturing sectors. Meanwhile, up to 63 items remained restricted to foreign investment.

Li stressed that this year the country’s foreign investment has faced negative surge, so it’s something the government should closely monitor. Eliminating barriers to investment and spurring the confidence of both foreign and domestic investors – that’s what the Chinese government is expected to do without delay.    

It takes much time for foreign companies to register. Moreover, the time taken for goods to pass through customs turns to be much slower than it should be according to global standards, as the statesman emphasized.  

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