China’s cabinet issued guidelines earlier this month to promote foreign investment, which promised to reduce market entry barriers and offer fiscal policy support for foreign firms
operating in the country amid rising criticism that their business environment is deteriorating.
Details of the measures and a specific timetable for implementation will be announced by the end of September “in principle”, Wang said.
Foreign direct investment (FDI) into China fell 11.8 percent in July from a year earlier to 43.88 billion yuan, according to Reuters calculation.
