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China says it will continue to ease restrictions on foreign investment

Zhao Leji, Chairman of the Standing Committee of the National People's Congress, said that the republic is interested in attracting more foreigners to the country and will create favorable opportunities to do so

BOAO /China/, March 28. /TASS/. China will continue to remove barriers to foreign investment and completely abolish restrictions on foreign capital in the manufacturing sector, said Zhao Leji, chairman of the Standing Committee of the National People's Congress.

"China will continue to reduce the negative list [of industries] that restrict access to foreign investment. We will completely abolish measures restricting their flow into manufacturing," he stressed, speaking at the opening ceremony of a key part of the Boao Forum for Asia (BFA) being held on Hainan Island.

The official added that the Chinese authorities intend to offer foreign companies the same conditions as domestic companies. He noted that the PRC is interested in attracting more foreigners to the country and will create favorable opportunities to do so.

The Boao Forum for Asia 2024 will be held from March 26-29 under the theme "Asia and the World: Shared Challenges, Shared Responsibilities". The Russian side is represented at the forum by Deputy Prime Minister Alexey Overchuk and Russian Ambassador to Beijing Igor Morgulov. The Boao Forum for Asia is called the Eastern Davos; it is an important platform for signing important agreements, coordinating positions between representatives of business and government circles of Asian countries and all other regions of the world.

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