China's opening-up efforts yield fruitful results

In 2024, China expanded its high-level opening-up and achieved fruitful results.

It rolled out the 2024 national negative list for foreign investment, lifting restrictions in the manufacturing industry, and expanded the opening-up of the healthcare sector and value-added telecom services. Last year, 59,080 new foreign-invested firms were established in the country, witnessing a 9.9 percent year-on-year growth.

China also promoted the steady growth of foreign trade and the institutional opening-up of trade in services, with the total import and export volume in 2024 reaching 43.85 trillion yuan, a year-on-year increase of 5 percent.

The country relaxed its visa-free transit policy, expanded unilateral visa-free entry, and facilitated accommodation and payment services for foreign visitors. In 2024, 20.12 million foreign nationals entered China visa-free, up 112.3 percent year-on-year.

In 2025, China will continue to build high-level opening-up platforms that align with high-standard international economic and trade rules and share its development opportunities with the world.