China will continue to reduce the negative list for foreign investment and allow wholly foreign-invested enterprises in more areas, said Chinese vice premier Han Zheng.

Speaking at the opening ceremony of the China Development Forum 2019 in Beijing, Han Zheng noted China will continue to relax controls over foreign investment access.

The country will also step up further opening up in telecommunication, education, medical and health sectors, and foreign firms are also welcome to conduct R&D activities.

China aims to create a top-notch environment for doing business and strengthen protection of intellectual property rights, to allow foreign companies to achieve better development in fair competition, he said.

“We will unswervingly explore new horizons of opening up,” Han said, adding that China will add a new section to the Shanghai pilot free trade zone, and put forward policies and institutional system for building the Hainan free trade port step by step.

In addition, Han said China will work to expand imports, further lower tariffs and facilitate customs clearance to better share the opportunities of its large market with the rest of world.