China is rolling out a major 24-measure action plan to attract global investors and supercharge its economic openness! 🌍 The plan, announced by the State Council, aims to create a ‘first-class business environment’ by cutting red tape, expanding market access, and aligning rules with international standards. 💡
Highlights include:
📉 Shortening the ‘negative list’ of restricted sectors for foreign investors
💻 Launching pilot programs in tech innovation to welcome overseas talent
🏦 Opening banking/insurance sectors wider to foreign financial institutions
📊 Streamlining data flows for multinational companies’ operations
The blueprint also promises easier visa processes for international professionals and stronger support for key foreign-funded projects. ✈️ With Shanghai’s Lujiazui financial hub (pictured) as a model, China aims to position itself as a must-watch destination for global capital in 2024 and beyond.
