HONG KONG (Reuters)—China is set to further broaden market access, particularly within its service sector, creating fresh investment opportunities for foreign companies, including those from the United States.
The commitment was made by senior Chinese trade negotiator Li Chenggang, according to a statement released on Tuesday by China’s Ministry of Commerce.
Li emphasized that the ongoing promotion of market access expansion is intended to draw in global capital and reinforce China’s commitment to high-level opening-up. The service sector is specifically highlighted as an area where the expansion efforts will be concentrated, offering prospective growth avenues for international businesses.
This move comes as global corporations weigh risks and opportunities amid complex geopolitical and trade relations. The promise of expanded access into the vast Chinese service market signals Beijing’s intent to stabilize foreign investment flows and maintain economic engagement with key trading partners, despite prevailing international trade tensions.
The specifics of the expanded access and timelines for implementation in different segments of the service industry are expected to be detailed in future announcements.
Aleda Kawis is the Professional Journalist and serving in the field since 2012. She keeps extensive experience as investigating journalist and media influencer.
