Beijing, China - February 20, 2025 China's action plan on stabilizing foreign investment in 2025 sent a positive signal of the government's determination to pursue high-standard opening-up and attract foreign investment, said Vice Commerce Minister Ling Ji at a press conference in Beijing on Thursday. China on Wednesday issued an action plan to stabilize foreign investment in 2025. According to the action plan, foreign investment is a key aspect of promoting high-standard opening-up, and plays a significant role in fostering new quality productive forces and advancing Chinese modernization. Per the plan, China will support pilot regions in effectively implementing opening-up policies related to such areas as value-added telecommunication, biotechnology and wholly foreign-owned hospitals, providing whole-journey services for foreign-invested projects in these sectors. The country will continue expanding its pilot programs to open up fields such as telecommunication and medical services in a timely manner. According to the plan, China will seize the initiative by opening its education and cultural sectors further, publish implementation plans, and push those plans forward steadily. The action plan calls for clarifying standards for the government procurement of domestic products, and for measures to ensure products produced by enterprises of different ownership within China participate equally in government procurement activities. In this regard, Ling said that the Ministry of Commerce will actively push for the early implementation of related rules. In 2024, 59,080 new foreign-invested enterprises were established in China, up 9.9 percent year on year. China attracted an annual overseas investment of over 1 trillion yuan (about 139.5 billion U.S. dollars) for three consecutive years from 2021 to 2023. Shotlist: Beijing, China - Feb 20, 2025: 1. Press conference in progress; 2. SOUNDBITE (Chinese) Ling Ji, Chinese Vice Minister of Commerce, also deputy China international trade representative of Ministry of Commerce: "The action plan has made it clear that all measures and policies will be implemented and take effect by the end of 2025, fully demonstrating the Chinese government's confidence and determination to pursue high-standard opening-up and attract foreign investment."; 3. Reporters; 4.SOUNDBITE (Chinese) Ling Ji, Chinese Vice Minister of Commerce, also deputy China international trade representative of Ministry of Commerce: "In the action plan on stabilizing foreign investment in 2025, we proposed the establishment of standards for government procurement of domestically produced products. The move aims to clarify relevant standards to make ensure that products manufactured and services provided by both domestic and foreign-invested enterprises in China can equally participate in government procurement. Next, we will actively promote the implementation of related rules for real results."; FILE: China - Exact Date and Location Unknown 5. Plants; 6. Various of automatic production lines; workers; 7. Various of workers at car assembly lines; 8. Robot arm in operation; foreign experts in discussion; 9. Container ship. [Restriction - No access Chinese mainland]