MOC vows to further relax market access for foreign investors

China will continue to push for the relaxation of market access for foreign investors, renewing efforts to lure foreign capitals and expand high-level opening-up, the Ministry of Commerce said on Monday.

Zhou Qiang, director of the department of market system development of the Ministry of Commerce, said China will appropriately shorten the negative list for foreign investment to further cancel or relax restrictions on market access. It will align with high-standard international economic and trade rules to deepen reforms in relevant areas and steadily advance institutional opening-up.

"The unified national market we are constructing will be a globally-oriented and fully open market, which will undoubtedly provide a better environment and a bigger platform for various market entities, including foreign companies," he told a news briefing on Monday.

In the next step, he said the country will actively promote the construction of a unified national market and make greater efforts to attract and utilize foreign capital.

More efforts will also be made to better serve foreign companies and create a world-class environment for foreign investment.

He added that areas of interest to many foreign investors, such as government procurement, bidding and standards formulation will be key focuses for improvement.