China’s Premier Leads Efforts to Boost FDI and Tackle Local Debt

In a strategic move to enhance its economic landscape, Chinese Premier Li Qiang chaired a State Council executive meeting on Friday focused on attracting more foreign direct investment (FDI) and managing local debt risks.

The meeting emphasized the importance of stabilizing foreign investment as a key priority for this year’s economic agenda. Efforts are being ramped up to widen market access, level the playing field, and streamline innovation processes to make China a more attractive destination for global investors.

Premier Li highlighted the need to bolster confidence among foreign investors by improving the business environment and elevating the quality of trade and investment cooperation. “We are committed to creating a conducive environment for foreign businesses to thrive,” he stated.

On the domestic front, the meeting addressed the mitigation of local debt risks. With most local debt pressures eased, the focus is now on enhancing policy support and establishing a robust government debt management system to ensure sustainable, high-quality development.

Additionally, the council discussed improving payment services to accommodate the needs of the elderly population and foreign visitors. Plans include developing diverse payment methods to make transactions easier and more efficient for everyone.

Last year, the State Council successfully implemented over 2,000 policies addressing key economic and social issues, demonstrating a strong commitment to responsive governance. This year, similar efforts are underway to handle new suggestions and proposals, aiming to drive China’s high-quality development forward.

Government documents approved during the meeting include guidelines to further enhance payment services and draft regulations on water conservancy, ecological conservation compensation, and consumer rights protection, showcasing a comprehensive approach to economic and social governance.

Stay tuned for more updates on China’s dynamic economic strategies!