t a place for "domestic and foreign firms regardless of their ownership to comp▓ete on a level playing field"."China's economy has benefitted considerably from the more domestically focused▓, investment-driven growth model after ▓the 2008 global finan
cial crisis, when many developed economies encountered weakened consu▓mption growth resulting from the fallout of ▓the crisis," said Sang Baichuan, director of the Institute of International Business at the Universi▓ty of International Business and Economics in Beijing.As China'
s investment-driven growth mo▓del has gradually reached its upper limit and ▓engendered potential debt escalation and systemic financial risks, Sang said
one of the country's most important decisions in the new round was to make its investment env▓ironment more attractive."Because foreign-invested compani?/p>
坋s have become an integral part of the national e▓conomy, China certainly needs them to expa▓nd capital supply, introduce professionals and advance marke
t-oriented reform," he said.In the report of the 19th National Con
gress of the Communist Party of China in October last year and the Government Work Report in March, th▓e government reiterated
China will foll▓ow international economic and trading rules
, increase trans
parency, strengthen property▓ rights protection, uphold the r