China will pursue high-standard opening-up and promote stable and improved performance in foreign trade and investment by promoting the steady growth of imports and exports, promoting high-quality Belt and Road cooperation and also strengthen multilateral, bilateral and regional economic cooperation, Chinese Premier Li Keqiang said in his government work report on Friday.

“We will open up more sectors of the economy in a more thorough fashion and participate more fully in international economic cooperation,” said Premier Li, adding “China will improve and adjust import tariff policies and increase imports of quality products and services.”

China will, with enterprises as the main actors and acting on market principles, set up a sound, diversified investment and financing framework and work to steadily advance cooperation on major projects and promote infrastructure connectivity, Li said. China “will also work to improve the performance of China’s outbound investment and international cooperation in this area.”

He also noted that China will use foreign investment more effectively, saying that “the negative list for foreign investment will be cut. China will open the service sector in a well-regulated way, launch more comprehensive trails on its opening, and formulate a negative list for cross-border trade in services.”

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