China vows to further promote high-standard opening-up and welcomes companies from around the world, including the U.S., to participate in the Chinese modernization drive, said Chinese Foreign Ministry spokesman Guo Jiakun, who made this statement on Wednesday.
The spokesman's remarks came after a report released by the U.S.-China Business Council, which shows 82 percent of U.S. companies in China registered profits in 2024.
Many U.S. companies in China said uncertainties in China-U.S. relations and tariffs are their top concerns, but the Chinese market remains vital, according to the report.
"Investing in China for a win-win future has become a prevailing consensus among global investors. As of March 2025, there are 1.24 million foreign-funded companies established in China, with a total investment volume of nearly three trillion U.S. dollars. While contributing to China's reform and opening up, these companies have gained opportunities to grow stronger and received considerable return. Data shows that the first half of 2025 witnessed two-digit growth rate in the number of newly established foreign-invested enterprises in China," Guo said at a regular press briefing in Beijing.
"The Chinese government recently rolled out new steps to encourage foreign investment, showing its sincerity and determination in advancing high-standard opening up. We welcome companies from all countries, including the U.S., to participate in the Chinese modernization drive and strive for greater progress while integrating themselves into high-quality development," he said.
China welcomes companies worldwide to participate in Chinese modernization drive: spokesman
China will take further steps to expand high-standard opening-up and create a new landscape of win-win cooperation in 2026, which marks the start of the 15th Five-Year Plan period (2026-2030), Commerce Minister Wang Wentao said in a recent interview with China Media Group.
Wang said opening up and cooperation for mutual benefit are integral to Chinese modernization. This year, China will actively expand voluntary opening up.
The country will steadily open up such areas as value-added telecommunications, biotechnology and wholly foreign-owned hospitals, while accelerating comprehensive pilot and demonstration programs for expanded opening-up in the services sector, he noted.
"We will expand the scope and regions of unilateral opening-up and ensure the implementation of zero-tariff treatment on 100 percent of tariff lines for all African countries that have diplomatic relations with China. We will vigorously promote the effective implementation of policies for special customs operations of the Hainan Free Trade Port, further enhance the level of trade and investment liberalization and facilitation, optimize the regional layout and coverage of pilot free trade zones, and support these zones in carrying out more robust institutional opening-up trials in areas such as market access, environmental standards and government procurement, so as to better leverage their role as comprehensive pilot platforms for reform and opening-up," said Wang.
Wang said China will promote the orderly planning of cross-border industrial and supply chains.
Efforts will be made to deepen economic and trade cooperation under the Belt and Road Initiative, enhance integration and connectivity across production and supply chains, and encourage cooperation in areas including green development, the digital economy, green minerals, new infrastructure and new energy so as to help build global production and supply chain partnerships that are equal, inclusive and constructive, he noted.
"We will give play to the platform role of overseas economic and trade cooperation zones, expand overseas marketing networks and explore international markets through outward investment, achieve mutual promotion between investment and trade, and advance the integrated development of trade and investment. We will also improve the overseas comprehensive service system and the national-level overseas comprehensive service platform," said the minister.
In addition, China will participate constructively in global economic governance, according to the minister.
In 2026, Wang said, China will pursue flexible and pragmatic approaches to negotiate trade and investment agreements with more willing countries and regions, while strengthening economic and trade cooperation under multilateral frameworks such as BRICS, G20 and the Shanghai Cooperation Organization, to further promote mutual benefit and win-win outcomes.
China to expand high-standard opening-up to foster win-win cooperation: minister
