China vows to treat foreign firms same way as national peers
China pledged to treat foreign companies the same way as domestic peers to attract more foreign investment, co-operation and expertise, Reuters reported on Monday, citing Vice Commerce Minister Guo Tingting.
The country will open up high-level industries, protect foreign companies’ rights, and promote a multilateral trading system, Tingting added.
China also plans to deepen cooperation with foreign firms and encourage R&D centres. The move comes as China faces economic challenges and seeks high-quality growth in a new era.