China Abolished The Policy Of Simply Encouraging Export Orientation

Responding to a reporter's question on the newly revised catalogue of foreign investment industries, the responsible person of the national development and Reform Commission said that in view of the new situation of China's large trade surplus and rapid increase in foreign exchange reserves, the policy of simply encouraging exports should no longer be pursued, and the opening to the outside world of a few sensitive service industries will be steadily promoted.

In the future, China will focus on introducing foreign advanced technology, managerial expertise and high-quality talents through the use of foreign capital.

We should guide foreign investment in modern agriculture, new and high technology industries, modern service industries, high-end manufacturing links, infrastructure and ecological environment protection.

Curb overcapacity and blind investment.

We should encourage foreign investors to invest in energy saving, efficient and clean projects of energy, resources and industrial enterprises, encourage foreign investment to develop circular economy and renewable energy, and restrict or prohibit access to foreign capital projects with high material consumption, high energy consumption and high pollution.