Foreign and Military Affairs

Hu: China to firmly adhere to opening-up policy

(Xinhua)
Updated: 2011-01-17 15:30

BEIJING - Chinese President Hu Jintao said Monday that China would stay firmly committed to the opening-up policy and actively and effectively use foreign investment.

Hu made the remarks in a written interview with the Wall Street Journal and Washington Post ahead of his state visit to the United States.

The use of foreign investment is an important part of China's basic state policy of opening-up, he said.

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"We will actively and effectively use foreign investment, improve its structure, diversify its form, and open up more channels and sectors so as to facilitate investment," said Hu.

China would continue to improve laws and regulations concerning foreign investment, strengthen protection of intellectual property rights (IPR), promptly address the legitimate concerns of foreign companies and facilitate the growth of enterprises of all kinds in China by offering them a stable and transparent legal and policy environment, a consistent and open market environment as well as a standardized and efficient administrative environment, said Hu.

Hu said China had fully honored its commitments by abolishing all domestic laws and regulations incompatible with the World Trade Organization (WTO) rules and giving foreign companies national treatment over the past decade since its accession to the WTO.

"All foreign companies registered in China are Chinese enterprises. Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises," Hu said.

He said the package plan and the related policy measures that the Chinese government introduced to counter the international financial crisis had also provided good opportunities for the growth of all enterprises in China, foreign companies included.