China's investor friendly measures uplift biz climate
China DailyHigh-rises dominate the skyline on both sides of the Huangpu River in Shanghai. BEIJING — China has announced a new set of measures aimed at enhancing the appeal and effective utilization of foreign investment, as part of the country's efforts to harness and share its huge market potential. An action plan comprising 24 specific pro-foreign investment measures was unveiled in March by the State Council, China's Cabinet, with targeted measures to expand market access, enhance appeal for foreign investment, foster a level-playing field, facilitate the flow of innovation factors, as well as better align domestic rules with high-standard international economic and trade rules. "The Chinese market is too huge to be missed, and we are always upbeat on the vitality of China's development," said Henry Tan, vice-chairman and CEO of Luen Thai Group. The central and western regions and northeast of China enjoy an improved development environment with abundant resources, a broad market and sufficient talent, said Hua Zhong, director of the NDRC's foreign capital and overseas investment department.