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3/24, 10:41 AM (Source: TeleTrader)
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China promises more foreign investments

China wants to open up its economy further by helping imports with easier customs clearance, Vice Premier Han Zheng said on Sunday. The politician also noted that his country is not seeking trade surplus with other nations, but is looking for trade balance.

Speaking at the China Development Forum, Han said: "We will continue to relax controls over foreign investment access, reduce the negative list for foreign investment, and allow wholly foreign-invested enterprises in more areas." He also commented that China went from being a "semi-closed economy" to being an "all-round open economy."

Han also stressed the importance of intellectual property rights as well as the development of national laboratories and artificial intelligence development.

Breaking the News / VP