China steps up efforts to build the unified national market, expands market access



China will step up efforts to build its unified national market with measures to expand market access and attract foreign investment, Chinese officials said on Monday at a press conference.

Such measures include cutting down the number of items restricted for foreign investment on the negative list, as part of concerted efforts to further relax limitations on foreign investment, said Zhou Qiang, director general of Market System Development at the Ministry of Commerce during a press conference held by the State Council Information Office of China.

The country will also focus on building up platforms and streamlining channels that will showcase the potential and opportunities of the Chinese market, thereby promoting foreign investment, according to Zhou.

China will continue to provide quality services to foreign companies and foster a world-class environment for foreign investment, he added.

Since China issued the guideline on building a unified national market at a faster pace last year, the relevant works have achieved preliminary results, said Li Chunlin, vice chairman of the National Development and Reform Commission, China's top economic planner.

The accelerated building of a unified national market has played a positive role in stabilizing development expectations, unleashing market vitality, reducing transaction costs, and promoting smooth circulation, according to Li.