BEIJING: “China wants to make it easier for foreign nationals to travel, work, and study there. Foreign enterprises can flourish in this atmosphere because of its dedication to mutual benefits and broader openings, said Dr. Abid Qaiyum Suleri, Executive Director of the Sustainable Development Policy Institute (SDPI).
He told China Economic Net (CEN) that “China’s well-developed infrastructure and complete industrial system enhance its attractiveness to foreign companies and investors.”
The 2024 Government Work Report was presented on March 5 at the Two Sessions, China’s annual plenary sessions of the country’s highest legislative body and highest political advisory body.
It lays forth development objectives for different sectors and targets the GDP growth rate of the nation at roughly 5% by 2024.
The CEO of the Asian Institute of Eco-Civilization Research and Development, located in Islamabad, Shakeel Ramay, told a CEN reporter that one of the main areas of interest for foreign investors is the list of recommended foreign investment categories.
The foreign investment (FI) list climbed to 1,474 items (519 in the national catalogue and 955 in the regional catalogue), up 19% from 1,235 items (480 in the national catalogue and 755 in the regional catalogue) in the 2020 version, indicating that China is making progress on this metric, he said.
He emphasised, “China is also opening up the financial sector and allowing foreign businesses to take advantage of the financing opportunities.” He said, “Its economy and the economy in the region will continue to be bolstered by the strength of the domestic market mechanisms to support the dual circulation model, vast network of economies under BRI, and many other initiatives.” “Renewable energy and related industries and infrastructure will be a major driver of growth.”
