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China to open up economy

Dec. 23, 2013 - China will further open up its economy by broadening market access, boosting regional cooperation and opening up its interior and border cities, according to a policy document published by the Communist Party of China (CPC) Central Committee last month in Beijing.

According to the document, China will widen market access for foreign investors. The country will keep investment policies stable, transparent and predictable. It said more efforts will be made to open up services sectors including finance, education, culture and health. Systems on market access, customs control, inspection and quarantine will be reformed, and talks concerning issues such as environmental protection, investment protection, government procurement and e-commerce will be launched.

Meanwhile, Chinese Premier Li Keqiang has repeatedly emphasized the role that further rapid urbanization will play in China's development strategy. Consequently, it is widely predicted that policies to spur urban growth will headline the major economic reform plan coming soon.

December 23, 2013  By Wood Markets

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