China's opening-up efforts yield fruitful results

3 months ago 9
Suniway Group of Companies Inc.

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

Scroll Up

, /PRNewswire/ -- A news report from chinadaily.com.cn:

In 2024, China expanded its high-level opening-up and achieved fruitful results.

It rolled out the 2024 national negative list for foreign investment, lifting restrictions in the manufacturing industry, and expanded the opening-up of the healthcare sector and value-added telecom services. Last year, 59,080 new foreign-invested firms were established in the country, witnessing a 9.9 percent year-on-year growth.

China also promoted the steady growth of foreign trade and the institutional opening-up of trade in services, with the total import and export volume in 2024 reaching 43.85 trillion yuan, a year-on-year increase of 5 percent.

The country relaxed its visa-free transit policy, expanded unilateral visa-free entry, and facilitated accommodation and payment services for foreign visitors. In 2024, 20.12 million foreign nationals entered China visa-free, up 112.3 percent year-on-year.

Get the latest news
delivered to your inbox

Sign up for The Manila Times newsletters

By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.

In 2025, China will continue to build high-level opening-up platforms that align with high-standard international economic and trade rules and share its development opportunities with the world.

This website uses cookies. By continuing to browse the website, you are agreeing to our use of cookies. Read More.

Read Entire Article