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Premier Li Keqiang – government report at the 13th NPC’s opening session

Premier Li Keqiang delivered his government report at the 13th NPC’s opening session.

Highlights:

  1. China will open up more to foreign investment with GDP set to increase by 6.5% this year
  2. China’s defence budget will go up by 8.1%
  3. China will open up the telecom, healthcare, education and new energy vehicle sectors to foreign investments
  4. Bank card clearing businesses will be opened to foreign competition and caps on foreign stakes in banks, securities brokerage houses and fund management firms will be removed
  5. China would implement standard market access for both domestic and foreign banks

Further details can be found on the Flanders-China Chamber of Commerce website by clicking here.

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