Page:2024 Report on the Work of the Government.pdf/25

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We will further shorten the negative list for foreign investment. All market access restrictions on foreign investment in manufacturing will be abolished, and market access restrictions in services sectors, such as telecommunications and healthcare, will be reduced.

We will expand the Catalog of Encouraged Industries for Foreign Investment and encourage foreign-funded enterprises in China to reinvest in China. We will ensure national treatment for foreign-funded enterprises and see that they can participate in government procurement, bidding, and standard-setting processes in accordance with the law and on an equal footing. Steps will be taken to resolve issues such as cross-border flows of data.

We will strengthen services for foreign investors and make China a favored destination for foreign investment. We will make it easier for foreign nationals to work, study, and travel in China. We will keep working to upgrade pilot free trade zones, delegate more decision making power to free trade zones and the Hainan Free Trade Port, and encourage development zones to engage in reform and break new ground, so as to develop themselves into new pacesetters for opening up.

We will strive for solid progress in high-quality Belt and Road cooperation.

We will carry out the eight major measures for supporting high-quality Belt and Road cooperation. We will steadily advance cooperation on major projects and implement a number of “small and beautiful” projects for improving the people’s wellbeing. We will promote cooperation in fields such as digital development, green development, innovation, health, culture, tourism, and poverty reduction. Development of the New International Land-Sea Trade Corridor will be accelerated.

We will deepen multilateral, bilateral, and regional economic cooperation.

We will work for the implementation of free trade agreements that have come into force and conclude high-standard free trade agreements and investment treaties with more countries and regions. We will move forward with negotiations on building a Version 3.0 China-ASEAN Free Trade Area and work toward joining the DEPA and the CPTPP. We will get fully involved in the reform of the World Trade Organization and promote the building of an open global economy, so that the fruits of mutually beneficial cooperation will benefit people around the world.

6. Ensuring both development and security and effectively preventing and defusing risks in key areas.

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