Foreign investors to gain wider access to Chinese market
Projects focusing on new energy sector will be promoted in first quarter
Foreign investors will be encouraged to focus on a broader range of areas, said Ning Jizhe, the deputy director of Nation Development and Reform Commission (NDRC), Xinhua news agency reported.
The NDRC promoted the first batch of major foreign investment projects in the fourth quarter of last year. The second batch of projects, mainly focusing on the new energy sector, will be promoted in the first quarter of this year.
The value of each project will reach several billion US dollars or even more than ten billions of dollars, Ning said.
Meanwhile, Ning urged the speedy revision of two guidance documents – the Industries Catalogue for Foreign Investment and the Catalogue of Advantageous Industries for Foreign Investment in the Central and Western Regions.
The documents will list areas where the Chinese government seeks to attract foreign investment, which is expected to further expand foreign access to the Chinese market.