China intends to expand market access for foreign investors


During his visit to Madrid, Chinese President Xi Jinping, speaking in the upper house of the Spanish Parliament, announced plans to expand access to Chinese markets for foreign investors and strengthen the protection of intellectual property rights, Reuters reports. According to the Chinese leader, over the next five years, China will import goods worth 10 trillion dollars. The agency reports that a state visit to Spain involves the conclusion of several deals. However, a source in the Spanish government said, Spain did not plan to join the Chinese leadership’s initiative, “One Belt, One Road”. As previously reported, the European Union drew the attention of the Chinese leadership to the fact that European companies were at a disadvantage because of the rules in force regarding intellectual property in China.

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