Skip to content
accelerate the process to fully lower the market access threshold for foreign investments in
banking, securities and insurance, the premier said. Service sectors, including medical care and educ
ation, will be opened up along with transportation, infrastructure and energy, he said.
Li said China will further make it easier for foreign companies to set up a venture capital presence and will improve regulati
ons on foreign investors’ strategic investments in listed companies and their mergers with and acquisitions of domestic enterprises.
Also, preferential policies for investments from Hong Kong, Macao and Taiwan w
ill remain unchanged, and greater development opportunities will be offered for them, Li said.
Wang Huiyao, president of the Center for China and Globalizaton, said he was impressed by Li’s speech to cl
ean up rules and regulations inconsistent with the Foreign Investment Law as well as to launch a more streamlined negative list.
“It shows China’s attitude of further opening-up, which is a higher-level and more concrete commitment of China,” he said.
Leif Johansson, chairman of global biopharmaceutical giant AstraZeneca, said
Li’s speech reflects the determination to create a more open, fair and transpare
Cooperation at the ministry’s Office for International Military Cooperation, said that comp
ared with other branches of the military, the PLA Navy plays a relatively larger role in protecting China’s overseas inter
ests and maintaining security in key sea lanes such as the Gulf of Aden and waters off Somalia.
“The PLA Navy is at the forefront of proving that the Chinese milita
ry is an open, cooperative and competent force for peace,” he said, adding that the PLA Navy has f
requently participated in humanitarian rescue missions, naval escorts, joint exercises and exchanges in past years.
“Through these non-war military operations, the Chinese Navy has also improved its capability and operability in dis
tant waters,” Zhou said. “Many security issues around the world require global efforts, and as its capability impr
oves, the PLA Navy can play a bigger part and contribute more to global maritime security.”
ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”
Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac
ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig
n states, both countries need to protect the interests of their own businesses and industries.
“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.
His comments came after Italy signed a BRI memorandum of understanding with China during
Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.
According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil
lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.