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China welcomes foreign investment, sticks to opening-up

Updated: 2014-09-08 19:33
(Xinhua)

XIAMEN - Chinese vice premier Wang Yang reiterated on Monday that the country will stick to its opening-up policy and continue to welcome foreign investment.

"The opening-up principle will stay unchanged for a long time, the investment cooperation framework become increasingly accommodative, and the law enforcement non-discriminatory," Wang said in a speech to the 18th China International Fair for Investment and Trade.

Acknowledging the contribution of foreign firms to China's development, Wang said, "We will ease market thresholds for foreign investment, and focus on opening-up the service industry."

Regarding the recent cases of some foreign firms falling foul of anti-monopoly and anti-corruption probes, Wang said the moves will bring a fairer, non-discriminatory business environment.

Instead of fixating on China's favorable policies, foreign businesses should value a fair market and legal environment more, he pointed out.

The 18th China International Fair for Investment and Trade, which attracted 932 delegations from 110 countries and regions, kicked off on Monday in southeastern coastal city of Xiamen.

The four-day event, sponsored by the Ministry of Commerce, is a platform for both domestic and overseas participants to cooperate and explore business opportunities.

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