For foreign investors, Wang, the commerce minister, has this pitch.
“The next China is still China,” he said, adding that foreign companies now see China as “a gym and a testing ground” – a massive market with rich scenarios for innovation, R&D and application.
Capital markets are being rewired to support that ambition.
China Securities Regulatory Commission Chairman Wu Qing confirmed that a reform of ChiNext, China’s technology-focused stock exchange, is “basically finalised” and will be released when the timing is right – bringing more inclusive listing standards, an IPO pre-review for firms with breakthroughs in core technologies, and an improved refinancing mechanism.
Manufacturing and services are projected to generate over 10 million new jobs annually through the 15th Five-Year Plan period.
Zheng said Beijing will monitor the impact of artificial intelligence on employment – improving skills training and giving full play to AI’s role in creating new jobs and empowering existing ones.
Beijing also pledged to increase social insurance enrolment among gig workers, migrant workers and those in new forms of employment – such as food delivery riders and couriers – to reduce what Zheng called their “worries”.
https://www.channelnewsasia.com/east-asia/china-two-sessions-economy-export-presser-lianghui-5975801
