Box Office Report in China to Support Foreign Business

China’s minister of commerce on Sunday said his country would remain committed to opening up and be supportive of foreign businesses in China.

At a session of the China development forum, Wang Wentao, China’s minister of commerce said China will stick to the national policy of opening up and creating new opportunities for global development with China’s efforts towards modernization. 

Wang listed measures including reducing restrictions on foreign investment and aligning with international economic and trade rules and promised to protect the legitimate rights and interests of foreign businesses in China.

The world’s second-largest economy is dealing with a flagging economy after exiting the draconian zero covid policy at the end of last year.

GDP growth stood at only 3% last year the second-weakest level since at least the 1970s putting the ruling communist party under exceptional pressure to revitalize the economy.