Premier Li Qiang of China has announced measures to enhance market access and services for foreign firms during his trip to Zhejiang. This initiative aims to solidify foreign investment and support the domestic economy, especially in light of changing international trade dynamics influenced by the incoming U.S. administration under Donald Trump.

Chinese Premier Li Qiang is actively seeking to attract foreign investment by promising greater market access and improved services for international firms. During his recent visit to Zhejiang, a key economic area in China, Premier Li emphasized the importance of foreign-invested enterprises and assured their gradual inclusion in more sectors. This initiative aligns with the conclusions drawn from the central economic work conference, which aimed to stabilize foreign capital and trade while bolstering the domestic economy against an unfavorable global landscape.

The outreach by Premier Li Qiang comes at a time of increased volatility in international trade dynamics, particularly with the anticipated shift in U.S. foreign policy under President Donald Trump. Following his campaign commitments to impose significant tariffs on Chinese goods, there is an evident concern in China regarding its trade relationships. The government’s push to enhance support for foreign businesses is a strategy to mitigate the potential impacts of these changes, aiming to sustain economic growth and attract international capital.

In summary, the Chinese government, through Premier Li Qiang’s overtures, is reaffirming its commitment to foreign investors by advocating for expanded access and services. This strategic approach seeks to stabilize the economy in the face of external pressures, particularly from the anticipated U.S. policy shifts. The initiative reflects a broader ambition to integrate more foreign capital into the Chinese economy and sustain its growth trajectory amid global uncertainties.

Original Source: www.scmp.com

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