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Long Yongtu: The Chinese government is determined to continue increasing efforts to attract foreign investment.
【Caixin Media】 In recent years, the global multilateral system has been severely impacted. As the world’s second-largest economy, China continues to advance high-level opening-up and has clearly stated that it will keep polishing the “Invest in China” golden brand in 2026.
“The Chinese government has made up its mind to continue increasing efforts to attract foreign investment.” On March 25, Long Yongtu, former vice minister of the Ministry of Commerce of the People’s Republic of China and former deputy head of the department responsible for foreign trade economic cooperation, mentioned at the 2026 annual meeting of the Boao Forum for Asia that, “We have repeatedly committed to providing foreign-invested enterprises with full equality of national treatment.”
“Such a commitment fully aligns with the fundamental principles of the WTO.” Long Yongtu said that, according to the national treatment principle, when foreign-invested enterprises are registered in China—providing job positions for Chinese people and paying taxes to the Chinese government—“in practice, foreign-invested enterprises are essentially Chinese enterprises.”