Improving business environment to attract more foreign investment

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. The State Council, China's Cabinet, in March issued an action plan aimed at attracting foreign investment by promoting high-level opening-up, which puts forward a practical policy framework for addressing specific problems faced by foreign-funded enterprises in China. The actual use of foreign capital in China reached 1.1 trillion yuan in 2023, making it one of the biggest foreign investment users in the world for many consecutive years. In the first two months of 2024, the number of newly established foreign-funded enterprises in high-tech industries increased by 32.2 percent year-on-year, with the proportion of actual used foreign capital in these sectors in China's overall actual use of foreign capital increasing by 1.2 percentage points over the same period in 2023. If targeted measures are taken to solve the problems faced by foreign enterprises investing in China, it will help better attract foreign investment.