Published: 20:00, January 15, 2025
China pledges efforts to expand opening-up, welcomes foreign investment
By Xinhua
A drone photo shows a view of Qingdao Port in East China's Shandong province, March 13, 2024. (PHOTO / XINHUA)

BEIJING - China will roll out more measures to expand opening-up and attract more foreign investment in 2025, according to the Ministry of Commerce (MOC) on Wednesday.

Efforts will be made to further ease market access, MOC official Li Yongsha told a press conference. She said that after China placed zero restrictions on foreign investment in its manufacturing sector last year, it will advance the opening-up of its services sector this year -- particularly pilot programs in the telecommunication, medical care and education fields.

On optimizing the country's business environment, Li pledged continuous efforts to promote the Invest in China campaign this year, and improve services for foreign-invested firms.

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Efforts should also be made to build high-level opening-up platforms that align with high-standard international economic and trade rules, the official said, calling for continued work to improve the quality and efficiency of the country's pilot free trade zones.

China's trade in goods with Belt and Road Initiative (BRI) partner countries hit 22.1 trillion yuan ($3.07 trillion) in 2024, the Ministry of Commerce said on Wednesday.

Nearly 54 percent of China's imports came from BRI partner countries last year, as China's super-large market has been providing development opportunities for nations around the world, ministry official Li Yongsha told a press conference.

China's exports to BRI partner countries covered consumer goods as well as industrial equipment and components, and these exports have helped promote the industrial development of those countries, she said.

READ MORE: Foreign investment curbs eased, China to promote services trade

Two-way investment with BRI countries has continued to expand. In the first 11 months of last year, China's non-financial direct investment in BRI countries totaled 214.66 billion yuan, and investment in China from those countries climbed to 99.87 billion yuan.

China signed 36 investment cooperation agreements with BRI countries from January to November last year, mainly involving emerging fields such as the green, digital and blue economies, Li said.

She noted that in the first 11 months of 2024, China's contracted projects in BRI partner countries saw a turnover of 826.34 billion yuan, and China organized and implemented 700 aid projects in those countries, helping to improve their development.