China has become an economic and trading power as its consumption, foreign trade and investment abroad led the world by volume.
In fact, China is constantly opening its door wider to the world, broadening its market access, and attaching more importance to intelligence property protection. To date, China has signed 16 free trade agreements with 24 countries or regions. Business facilitation by China has reportedly moved up by 18 in the world ranking during the past five years. Last year, China ranked second with a record high foreign capital of USD 136.3 billion.
Opening its door wider to the outside, China will endeavor to construct an opening-up and cooperation system at a higher level, uphold the free trade principle, continue to increase import and provide an easier market access for service businesses. With the development of a new landscape in all-round opening up, China will contribute significantly with its wisdom to the ideas of economic globalization, global openness and shared prosperity.
More foreign corporations are warmly welcomed to fair competition in the Chinese market, and to prosper with us through mutual benefit and winwin cooperation. Predictably in such a new landscape, China will remain not only a beneficiary of the global advancement, but also a major contributor to the world economy with its bonus, and to the shared development and prosperity of the international community.
Minister of Commerce of PRC