Speaking at the World Economic Forum, Chinese Prime Minister Li Keqiang expressed confidence that the country’s economic growth target of 6.5 percent in 2017 would be achieved. Existing systemic risks are under control. At the same time, he noted that it will not be easy to maintain economic growth rates in the medium and long term.
Li Keqiang also said that the Chinese government will take measures to identify and resolve financial risks. First of all, it is a high level of indebtedness.
Li Keqiang noted that Beijing intends to support foreign investments. It is planned to abolish restrictions on the volume of ownership of enterprises in China for foreign companies. The system of registration of new enterprises will be simplified.
Chinese Prime Minister assured that the attitude towards foreign companies in the country will be the same as towards Chinese ones. Foreign investors will have better access to China’s services market and industrial sector. Beijing will welcome the decisions of foreign companies to reinvest profits in the country. However, cross-border capital flows will not be restricted.