China improves business environment, provides foreign investors with larger markets: white paper
BEIJING - China is steadily improving its business environment and providing foreign investors with larger markets, said a white paper released Tuesday by China's State Council Information Office.
In 2020, China took 31st place among 190 economies in the World Bank's ease of doing business ranking, rising from 91st place in 2012, according to the white paper titled "China's Epic Journey from Poverty to Prosperity."
The country has formulated high-standard policies to facilitate free trade and investment, including enacting the Foreign Investment Law, implementing pre-establishment national treatment, and expanding market access by reducing the number of items on the negative list, said the white paper.
China has received a new high of more than 1 trillion yuan (about $156 billion) of foreign direct investment in 2020, according to the white paper.
- Shanghai university launches AI platform for global scientific collaboration
- Rainstorm forces evacuation of over 3,000 residents in suburban Beijing
- Two dead, two missing after torrential rainfall in Hebei
- Recall vote shows DPP's manipulation runs against Taiwan people's will: mainland spokesperson
- Expert: 'Taiwan independence' has no future
- Closed-door seminar highlights China's push for autonomous delivery
