In 2024, China expanded its high-level opening-up and achieved fruitful results.
It rolled out the 2024 national negative list for foreign investment, lifting restrictions in the manufacturing industry, and expanded the opening-up of the healthcare sector and value-added telecom services. Last year, 59,080 new foreign-invested firms were established in the country, witnessing a 9.9 percent year-on-year growth.
China also promoted the steady growth of foreign trade and the institutional opening-up of trade in services, with the total import and export volume in 2024 reaching 43.85 trillion yuan, a year-on-year increase of 5 percent.
The country relaxed its visa-free transit policy, expanded unilateral visa-free entry, and facilitated accommodation and payment services for foreign visitors. In 2024, 20.12 million foreign nationals entered China visa-free, up 112.3 percent year-on-year.
In 2025, China will continue to build high-level opening-up platforms that align with high-standard international economic and trade rules and share its development opportunities with the world.
China has launched a new pilot program to allow eligible enterprises greater access to overseas financing in support of green and low-carbon transformation projects, the country's foreign exchange regulator said on Aug 21.
To further streamline the experience, China is expanding tax refund stores, broadening the range of refundable goods, and refining refund procedures, ensuring an efficient and seamless shopping experience for global visitors.
