BEIJING, Dec. 26 (Xinhua) -- China’s Ministry of Commerce (MOC) will significantly cut market access restrictions on foreign investment next year and gradually expand foreign access to the life service fields including education, culture and medical treatment, according to Tang Wenhong, head of Department of Foreign Investment Administration under MOC, at a briefing on Monday, quoted by the Xinhua-run cnstock.com.
The ministry will deepen opening-up of the manufacturing industry, accelerate opening-up of the producer service sector, and properly advance the opening-up of the financial industry next year to further guide confidence and expectation of the foreign investment, said Tang.
Meanwhile, the ministry will further increase efforts in reform and comprehensively implement the management model of pre-establishment national treatment (PENT) with a negative list, put the post-establishment national treatment in place, improve the complaint protection mechanism for the foreign-funded enterprises, and protect their legal rights and interests, Tang added. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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