A More Harmonious Investment Environment is Created

CHINA is committed to opening wider to the world and providing more investment opportunities for foreign companies, a foreign ministry spokesman said on Feb 8th. China will create a more favorable, orderly investment environment and a level playing field for foreign investments, spokesman Lu Kang said at a news briefing.

European Union Trade Commissioner Cecilia Malmstrom said on Monday that she agreed with President Xi Jinping's remarks at the World Economic Forum in Davos last month that no one would emerge as a winner in a trade war. However, she also said China's big challenge this year would be to match the rhetoric with reform. Lu said that after nearly 40 years of reform and opening-up, China has become a main engine of growth for the world economy and that cooperation between China and the EU has been fruitful.

"China always upholds trade and investment facilitation, and opposes all kinds of protectionism," Lu said, hoping that the EU would view China's opening-up with a long-term perspective.

Subsequently on Feb 9th CHINA decided to further cut and standardize business charges to lower the corporate burden in the real economy. The move is a key part of the drive to streamline administration and push forward supply-side structural reform, according to a statement released after a State Council executive meeting. Since 2013, central and local authorities have eliminated over 1,000 administrative fees. However, the statement said arbitrary charges remained prominent. The Cabinet urged departments to map systematic and pragmatic measures to cut charges..

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