(ECNS) -- China will promote the launch of key foreign-invested projects worth up to tens of billions of U.S. dollars, mainly in the new energy field, said Ning Jizhe, deputy director of the National Development and Reform Commission, on Tuesday.
China will fully optimize the environment for foreign investment and accelerate the pace of opening big projects, Ning said.
The fourth quarter of 2018 saw the opening of seven key projects, including the new plant of BMW Brilliance in Shenyang City, the Tesla Gigafactory in Shanghai, and the BASF Group's project in Zhanjiang City.
In the first quarter of this year, authorities will increase efforts to support the kicking off of foreign investment projects, involving investments ranging from several billion to tens of billions of dollars.
China will support private companies to expand financing tools, such as issuing corporate bonds more quickly and on a larger scale, Ning also said.
China will further expand the scope of foreign investment by implementing measures, such as a negative list for foreign investment as well as a negative list for foreign investment in the country's pilot free trade zones, both introduced to facilitate the use of foreign funds, Ning added.