BEIJING - China will implement new regulations that aim to make it easier to do business from Jan. 1, 2020, China’s state planner said on Wednesday, amid increasing pressure on the world’s second largest economy.
Foreign companies operating in China have long complained of unfair treatment when it comes to market access, burdensome red tape and weak law enforcement. China’s private firms, which have a harder time accessing financing than state-owned enterprises, have also been harder hit by the economic slowdown.
The U.S. should also improve its business environment to make it more convenient for Chinese firms, Ning Jizhe, Vice Chair of the National Development and Reform Commission, China’s state planner, told a news conference. “China has a vast market. We welcome companies from every country to increase their economic, trade and investment cooperation with China,” said Ning.
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