China trade minister pledges easier market access for foreign investors

China will facilitate foreign investors' access to the country, protect their rights and ensure a fair and transparent investment environment, Trade Minister Zhong Shan said in comments posted on Sunday.

Written in the latest issue of the Qiushi Communist Party's theoretical journal, Zhong said the government "would increase the level of use of foreign investment."

China would greatly facilitate market access, protect the legitimate rights of foreign firms and create a "fair, transparent and predictable trading environment," he added, without giving details.

Foreign business groups in China have warned that foreign companies are facing an increasingly hostile environment in the country and that Beijing's policies and regulations unfairly favor domestic competitors.

Businesses are also concerned about a lack of regulatory transparency, including inadequate protection of intellectual property.

Zhong said that there would be no "stagnation" in the process of reform and opening of Beijing and promised that China "would become fully a strong country of business and commerce before 2050 ".

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