BEIJING, May 28 (Xinhua) -- China will further push ahead the opening-up of its industrial sector, in order to attract more foreign investments, according to the country's Ministry of Industry and Information Technology (MIIT).
Boasting relatively complete infrastructure and industrial systems as well as continuously-improved business environment, China remains one of the most attractive investment destinations globally, noted Wang Zhijun, Vice Minister of Industry and Information Technology, in a recent interview.
According to him, the foreign investment in actual use by China's manufacturing industry rose by 11.4 percent year on year to 94.38 billion yuan from January to April this year, fully demonstrating the confidence of foreign investors in the Chinese economy.
Besides, the added value of China's industries above designated size increased by 6.2 percent year on year in the first four months this year, and that of high-tech manufacturing grew by 11.2 percent year on year in April, 5.9 percentage points higher than the added-value growth of the whole manufacturing industry.
To further elevate the opening-up level of the industrial sector, China will fully carry out the foreign investment administration model of pre-establishment national treatment plus negative list, implementing opening-up policies in fields like aircraft, ships, automobiles and telecommunications, said Wang.
Other measures include revising and shortening the foreign business access negative lists for the whole country and free trade zones, broadening the areas in which foreign investment is encouraged, and removing restrictions on foreign investment in other areas, so as to forge a fair competition environment, Wang also noted. (Edited by Gu Shanshan)
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