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China promises fewer restrictions for foreign companies

Chinese Prime Minister Li Keqiang on Friday encouraged foreign companies to invest in the country and said there would be fewer restrictions on the movement of his capital.

China's Prime Minister Li Keqiang on Friday urged foreign companies to invest in the country and said there would be fewer restrictions for the country. "I promise that all profits generated in China by foreign companies will be able to move freely within and outside of China and there will be no limitation," he said. Said Li at the opening of the so-called "Davos Summer Forum" in Dalian city (northeast).

China wants foreign companies to continue to generate profits in the country and Reinvigorate, insisted the head of the government, who assured that China's economic growth gains new momentum and "there will be no hard landing" in China's second largest economy. "China will continue to open its markets in the services and manufacturing sectors, and will reduce restrictions on the participation of foreign companies in companies. (Semipublic) and ensure China will remain the most attractive investment destination, "he said.

On monetary and fiscal policies, Li explained that the Government China will maintain stable macroeconomic policies, prudent monetary policy and proactive fiscal policy, to ensure clarity and stability in financial markets.

As for the potential risks, China, Li said, is fully capable of containing financial market risks and avoiding systemic risks.

Despite the government's own fear that A deceleration in 2017, the latest macroeconomic data published in April indicate that the Chinese economy grew 6.9% year-on-year in the first quarter, a tenth more Than anticipated by analysts and that registered in the last quarter of 2016.

During this year Beijing wants to continue reforming its growth model and estimates that it will grow only in However, a few weeks ago the International Monetary Fund (IMF) estimated that growth would be 6.7%, although it urged China to accelerate reforms of the sector Financial and state-owned enterprises if it wants to consolidate its growth.

The forum, which seeks to be the Asian alternative to the Davos Forum, is held alternately between Chinese cities of Dalian and Tianjin and in this edition has the title of "Achieve inclusive growth in the IV Industrial Revolution".

Between today and tomorrow, 1,500 people among politicians, officials, businessmen, academics and media representatives from more than 90 countries.

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