BEIJING — China will make more efforts to encourage foreign investment, with faster approval procedures and better intellectual property protection, according to a statement released after a State Council executive meeting on Sept 26.
Premier Li Keqiang presided over the meeting.
To maintain stable and healthy economic development, a more proactive opening strategy would be implemented to create an investment environment for foreign businesses that is more fair, convenient and predictable, while expanding domestic demand, the statement said.
Foreign investors will continue to be treated equally compared with domestic peers, was said in the meeting.
Foreign-funded projects meeting requirements will be put on the list of major construction projects and enjoy support in the use of land and sea areas, quicker environmental reviews and approval procedures and lower logistics costs.
The government will also expand its tax reduction to encourage foreign investment in more industries and channel more energy into the protection of intellectual property.