China will promote higher-standard opening up

China will advance opening-up to a higher level as it pledges to further stabilize foreign trade and actively leverage the role of foreign capital, said the report delivered by Premier Li Keqiang to the opening of the third session of the 13^th National People's Congress on May 22. Here are some of the highlights:

● China will significantly shorten its negative list for foreign investment.

●  It has stressed the joint implementation of the China-US phase-one economic and trade agreement.

●  It will focus on high-quality joint building of the Belt and Road, and carry out mutually beneficial cooperation.

●  It will resolutely safeguard the multilateral trading regime and actively participate in reform of the World Trade Organization.

●  It will further stabilize foreign trade and actively leverage the role of foreign capital.

 It will foster an enabling market enviro nment in which all companies, Chinese and foreign, are treated as equals and engaged in fair competition.