China is actively advancing opening-up to a higher level, according to a white paper issued by the State Council Information Office Thursday.
The country "takes firm steps to expand opening-up, and makes continuous efforts to open up in a more comprehensive, profound and diversified way, with a view to achieving greater mutual benefit and win-win outcomes," according to the white paper titled "China and the World Trade Organization."
China pursues a trade strategy of mutual benefit, win-win, diversification and balanced development, the white paper says.
"China never deliberately pursues trade surplus in goods," it says, noting that the country always welcomes imports that diversify market supply, improve people's quality of life, and upgrade its industrial structure.
The country will facilitate international trade, substantially widen market access for foreign investment, create a more attractive environment for foreign investment, regulate outward investment, and advance the Free Trade Area strategy, according to the paper.
The white paper says China will continue with the reform to streamline administration, lower taxes, and reduce fees. It will further align its business environment with international economic and trade rules, enhance policy transparency, strengthen the protection of property rights, advance the rule of law, encourage competition and oppose monopoly.
While vowing to regulate its outward investment, China calls on host countries to refrain from abusing security review or adopting other restrictive practices to impose excessive limitations on foreign investment, and create a more equitable, transparent and predictable environment.
