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China will promote cross-border green bond flows and green finance investment as part of efforts to fulfill its commitment to ensure sustainable growth, a top central bank official said on Monday.
China's FDI surged 4 percent year-on-year to 9 billion in 2018.
China will continue to support the United Nations Sustainable Development Goals by providing new and robust data related to Earth sciences that can assist in policymaking and finding new solutions to global challenges, experts have said.
China will expand the entry of foreign companies in the services industry, such as elderly care and health, education and finance, lift foreign-owned equity limits in some areas and fully open the manufacturing sector. "There will be no mandatory requirement for technology transfers, and intellectual property rights will be better protected," Li said.
China's central bank governor Zhou Xiaochuan said in June that opening up helped to build a strong and competitive financial sector in China, and that protectionist behavior limiting the participation of foreign players in China would lead to laziness and weakness, causing poor competitiveness and hurting the industry's development.