This included the 2024 edition of the special administrative measures (negative list) for foreign investment access, as well as guidelines on promoting the high-quality development of services trade through high-level opening up.
According to the updated negative list, China will further relax restrictions on foreign investment by completely abolishing entry barriers in the manufacturing sector. The country will also accelerate the opening up of sectors such as telecommunication, education, and healthcare services.
The meeting stressed that accelerating the development of services trade is essential to expanding high-level opening up and fostering new foreign trade drivers. Efforts will be made to promote innovative development in key services trade areas, as well as the integration of services trade and goods trade.
The meeting also highlighted the importance of creating new services trade growth drivers, and supporting the international development of professional services such as finance, consultation, design, and certification.
In addition, the meeting discussed measures to strengthen policy coordination in areas of taxation, finance, science and technology, industry, and human resources. The aim is to foster innovative small and medium-sized enterprises (SMEs) that utilize specialized, sophisticated technologies to produce novel or unique products. These efforts will focus on making SMEs smarter, more digitalized, and more eco-friendly to enhance their core competitiveness.
Lastly, the meeting stressed the need to strengthen safety regulations to ensure the utmost safety of nuclear power development and promote the long-term healthy growth of the industry. Five new nuclear power projects were approved at the meeting.
