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China should create a steady, fair and transparent corporate environment and gear up efforts to shape an open economy, President Xi Jinping said.
Xi made the statement at the 16th meeting of the Central Leading Group on Financial and Economic Affairs on Monday.
The country needs to further tap into foreign investment when it is unfolding supply-side structural reforms, upgrading its economy and catching up with the global developments in science and technology, he noted.
China should accelerate its easing of entry restrictions and share ratio limitations on foreign investment in areas such as nursery and elder care, architecture, accounting, commerce and logistics, e-commerce and the traditional manufacturing and service sectors, Xi said.
Xi said it is hoped the second-largest world economy can use foreign investment negative lists nationwide as soon as possible.
The lists－which identify industries that are closed to overseas investors and make commerce more transparent－have been piloted in some of China's free trade zones.
