China explores ways to attract foreign investment, state media says

China explores ways to attract foreign investment, state media says

FILE PHOTO: A Chinese flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China February 8, 2024. REUTERS/Florence Lo/File Photo

China’s premier Li Qiang on Friday hosted a cabinet meeting to study measures to prevent and resolve local debt risks, state radio China National Radio reported.

The meeting also studied measures to attract and utilise foreign investment, the report said.

Officials agreed to “accelerate the establishment of a government debt management system that gradually resolves local government debt risks but also facilitates high-quality development,” according to a readout of the meeting.

The cabinet also said they would take further steps to optimise China’s business environment and stabilise foreign investment, the readout added.

Reuters

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

This is your last free story for the month. Register to continue reading our content