BEIJING - China on Wednesday issued an action plan to stabilize foreign investment in 2025, which was approved by a recent State Council executive meeting.

The action plan was devised by the Ministry of Commerce and the National Development and Reform Commission, according to a notice issued by the General Office of the State Council.

Foreign investment is a key aspect of promoting high-standard opening-up, and plays a significant role in fostering new quality productive forces and advancing Chinese modernization, according to the action plan, which was formulated to ensure stable foreign investment in 2025.

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Per the plan, China will support pilot regions in effectively implementing opening-up policies related to such areas as value-added telecommunication, biotechnology and wholly foreign-owned hospitals, providing whole-journey services for foreign-invested projects in these sectors.

The country will continue expanding its pilot programs to open up fields such as telecommunication and medical services in a timely manner.

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According to the plan, China will seize the initiative by opening its education and cultural sectors further, publish implementation plans, and push those plans forward steadily.