Meeting held to further clarify China's investment guideline

China will create a predictable investment environment for global companies, a senior government official said on Monday.

During a meeting regarding the 24-point guideline to expand market access for foreign investors released by the State Council in mid-August, Chen Chunjiang, assistant minister of commerce, said the Ministry of Commerce will collaborate with government departments and localities to ensure the measures can be implemented as quickly as possible to yield results.

The ministry will strengthen follow-up efforts, further utilize mechanisms such as foreign-invested enterprises roundtable meetings and coordinate solutions to difficulties encountered by global companies during the policy implementation, Chen said.

During the meeting, departments including the Ministry of Foreign Affairs and the National Development and Reform Commission conducted an in-depth interpretation of the guideline and responded to concerns raised by foreign investors, including facilitating visas for foreigners coming to China, enhancing services for foreign investment projects and reinforcing intellectual property protection in government procurement of pharmaceuticals and medical consumables.

More than 80 overseas companies and representatives from foreign business associations attended the event. They said the guidelines effectively address the demands of global investors.