Minister of Commerce Zhong Shan said a slew of measures will be taken this year to boost China’s social consumption, such as improving urban consumption, to promote
consumption upgrades, expand rural consumption, and develop service consumption while optimizing service supply.
The country will upgrade a number of pedestrian streets, optimize the layout of convenience stores, and encourage brand development and franchising.
The country will promote “selling agricultural products to the cities, while selling industr
ial products to the countryside”.hina’s investment environment is expected to become more stab
le, open and transparent, as the draft foreign investment law stipulates foreign enterprises will receive pre-established nati
onal treatment plus a negative list management system, according to the Ministry of Commerce on Saturday.
The foreign investment law is expected to help establish an environment where foreign co
mpanies can compete fairly in China, and better protect the legitimate rights and interests of foreign investors, Wang
Shouwen, vice-minister of commerce, said at a news conference during the two sessions.
Wang also cited that the law will protect the intellectual property rights of foreign investors an
d encourage technology cooperation based on voluntary principles and commercial rules.