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China's ODI has seen rapid growth in recent years. However, noting an "irrational tendency" in outbound investment, Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully.
China's State-owned enterprises or SOEs will deepen their reform for mixed ownership, the State-owned Assets Supervision and Administration Commission announced on Wednesday.
China will only become more and more open and will further transform government functions to stimulate market vitality, Li said in a meeting with Republic of Korea representatives on Friday. They had traveled to Beijing for the first round of dialogue between business leaders and former government officials of the two countries.
China's central bank will start buying the bank loans made by some commercial lenders from this week to increase lending to small firms by as much as 1 trillion yuan (0.18 billion) amid the coronavirus epidemic.
China will introduce further relaxed terms and refined procedures for deductions of the VAT in the manufacturing sector and come up with support policies for R&D and innovation in businesses, he said.
