China's Premier Unveils Action Plan to Boost Foreign Investment

Chinese Premier Li Keqiang announced that the government is working to remove barriers for foreign companies, addressing issues such as market access and cross-border data flow. He emphasized the potential of urbanization to boost domestic consumer spending and highlighted the country's economic growth and plans for industrial development. The government aims to expand urban residency and provide greater opportunities for businesses, while also focusing on green energy and new energy sources. Foreign business leaders were assured of China's interest in foreign investment and hi-tech firms, as the country seeks to revive confidence in its economy.