Xi said that the Party and the country should ensure that economic entities under all forms of ownership have equal access to factors of production by the law, compete in the market on an equal footing, and are protected by the law as equals.
Doing business and investment with China is getting easier following two recent policy events, but paradoxically it is also getting more complex. This seems contradictory, but it reflects the changing business environment that makes competing with Chinese products more challenging. The nature of China’s economic development is evolving, so businesses need to adapt.
The recent meeting of technology business leaders with President Xi Jinping was the latest in a series of sessions dedicated to economic reform. This was followed by another National Development and Reform Commission meeting detailing a new action plan to stabilise foreign investment, with 20 specific measures. These meetings are closely examined for clues about policy changes, rightfully so.
