China's State Council, the cabinet, on Sunday issued a 24-point guideline covering six areas, which is intended to improve the climate for foreign investment and attract more funds, the latest move to stabilize second-half economic growth.
The guideline pledged to continue China's high-quality opening-up by using the advantages of the nation's super-sized market, attracting and using foreign investment more efficiently, and building a market-oriented, legalized and internationalized business environment.
The measures vowed to strengthen the foreign investment climate in six key ways: improving the quality of utilizing foreign investment, ensuring national treatment for foreign-backed enterprises, strengthening the protection of foreign investment, improving investment and business facilitation, increasing fiscal and tax support, and upgrading the facilitating mechanism for foreign investment.