China Vows to Treat Foreign Firms Equally and Safeguard National Treatment Amid Industrial Upgrade Push
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Chinese Vice Commerce Minister Guo Tingting announced at the China Development Forum in Beijing that China will fully guarantee national treatment for foreign companies. This pledge is part of China's efforts to attract more foreign investment and address concerns of unequal access for Western firms. Inbound foreign direct investment in China contracted 8% last year, prompting the government to step up its efforts to open up high-level areas of industry and finance. China aims to upgrade its manufacturing supply chains through innovation and the expertise of foreign companies. As part of this push, China will fully lift restrictions on foreign investment access to its manufacturing sector and deepen cooperation with firms from all countries. Over 100 overseas executives and investors atten...
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