Full text: Report on national economic, social development

7. We will pay closer attention to both domestic and international conditions in our overall planning and steadily develop an open economy.

1) We will promote steady recovery in foreign trade. We will ensure the continuity and consistency of our policies regarding external demand; implement the strategy of diversifying export markets; stabilize traditional markets while opening up new markets; adjust the mix of exports; continue to encourage the export of traditionally competitive products, products with Chinese trademarks, and technologies and standards for which we own intellectual property rights; and strictly control the export of resource products and products whose production is energy-intensive or highly polluting. We will support the import of advanced technologies and equipment, key spare parts and components, and goods and materials that are in short supply in China. We will properly handle trade frictions and vigorously promote international trade and economic cooperation. We will continue to expand our assistance to other countries.

2) We will utilize foreign capital more effectively. We will revise the Suggested List of Industries for Foreign Investment; open more areas to foreign competition; guide foreign investment toward high-end manufacturing industries, new and high-tech industries, modern services, new energy sources, and energy conservation and environmental protection industries; and encourage foreign investors to develop labor-intensive industries that conform to environmental protection standards in the central and western regions. We will vigorously pursue business in the outsourcing of international services. We will deepen reform of the management system of foreign investment, reduce the scope of examination and approval, and increase transparency of the approval process. We will strive to attract foreign direct investment of $96 billion this year. We will continue to make good use of foreign loans.

3) We will support and standardize the overseas investment and international cooperation of Chinese enterprises. We will revise the Methods for Examining and Approving Outward Investment Projects Overseas and related industrial guidance policies; strengthen and improve the guidance, coordination, supervision and services for Chinese enterprises overseas; and guide them to operate in accordance with the law. We will strive to increase our outward direct investment overseas by 15.5% this year.