China upholds protection of foreign companies’ rights

China’s policy on utilizing foreign investments will remain unchanged, a spokesman for the 19th National Congress of the Communist Party of China said Tuesday.

China will also continue to protect the legitimate rights and interests of foreign-funded companies as well as its commitment to providing better services to the investments and operations of companies of all nations, said congress spokesman Tuo Zhen at a press conference on the eve of the event.

“China’s reform and opening up are at a new starting point,” Tuo told reporters.

He said the country will continue to stick to the basic State policy of opening up, open even wider to the outside world and speed up the building of a new open economic system.

Market access will be further expanded and a new round of high-quality opening-up will be promoted, he noted.

“Our goal is to achieve win-win and common development,” Tuo said.

He added China’s opening-up is expanding in both breadth and depth, noting that the country leads the world in foreign investment utilization, outward investment and trade.

“A framework of two-way opening-up with greater depth and higher quality is taking shape,” he said.

China has ranked among the world’s top three in terms of foreign investment utilization for five straight years and its engagement in global economic governance is deepening, Tuo added.