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Foreign companies play an increasingly important role in boosting China's economy and promoting industrial and technological upgrades. The new policy will provide a better environment for foreign companies in the long-run, encourage them to continuously expand investment in China and boost win-win cooperation, the MOF said on its website.

It is in the interest of the international community that China and the United States jointly address global challenges.

It depicts the practice of the CPC Central Committee, with Xi at the core, in uniting and leading Chinese people to uphold and develop socialism with Chinese characteristics in a new era, the notice said.

Regulations and documents that are contradictory to the law and go against the protection of property rights protection will be cleared, revised or abolished to ensure that private businesses will enjoy equal protection as their counterparts in the public sector, the statement said.

For their part, Nikai and Inoue said Japan's ruling coalition stands ready to enhance communication and exchange with the Communist Party of China (CPC) and make greater contributions to the development of Japan-China relations.