China will further expand market access in the service and manufacturing sectors¹, relax restrictions² on foreign ownership, and treat Chinese and foreign companies on an equal basis, Premier³ Li Keqiang said Tuesday.

 

李克强总理周二表示，中国将进一步拓展服务业和制造业市场准入，放宽外资拥有权的限制，平等对待中外公司。

 

Li made the remarks when delivering a speech at the opening ceremony of the Annual Meeting of the New Champions 2017, also known as Summer Davos, in the northeastern coastal⁴ city of Dalian.

 

China will be proactive with opening up and create a business environment that is internationally competitive, Li said.

 

Foreign companies are also encouraged to use profits from the Chinese market to invest in China, he said, adding that they can choose to take their profits out of China without any restrictions, he said.

 

China will also encourage multinational⁵ corporations to set up regional headquarters in China, and encourage foreign firms to invest more in central, western and northeastern China, the premier said.

 

The Chinese economy with its steady, long-term growth and gradual openness will generate more opportunities for other countries, and China will remain the most attractive destination for investment, Li said.

 

In the next five years, China will import goods worth 8 trillion U.S. dollars, he added.

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