China State Council Vows Measures to Lure Foreign Investment
- Leadership makes new appeal after data showed investment drop
- Beijing also aims to boost measures to promote consumption
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China’s leadership made a fresh push to boost foreign investors’ confidence in the country in the wake of an historic decline in overseas flows amid concerns about diminishing growth prospects.
Premier Li Qiang led a cabinet meeting that called on Chinese authorities to look at measures to attract more global capital, state broadcaster CCTV reported on Friday. The State Council said stabilizing foreign investment should be a key focus of the year’s economic work, and pledged to keep expanding market access and optimizing an environment for fair competition.