Foreign Firms Call for China to Implement New Plan to Boost FDI

Regarding China’s latest action plan to attract foreign businesses that addresses some of their major concerns, such as cross-border data transfer, foreign firms say what they need is concrete action, including implementation of government policy at the local level.

The new plan, issued by the State Council to its departments and provincial-level governments on Tuesday, instructs authorities to allow foreign investment in more sectors and strengthen policy support for foreign companies. This includes improving the business environment to create a level playing field for foreign and domestic firms.