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"China's development in the past has benefited from opening and
it's more necessary to expand openness as we take the road of
high quality development driven by innovations," Wang told a
business forum in the southern city of Guangzhou.
"We will significantly expand market access and speed up
drafting a timetable and roadmap for opening key sectors," he
said.
China will "actively and effectively" attract foreign
investment, protect legal rights and interests of foreign
investors and create an environment for fair competition, he
said.
At a twice-a-decade Communist Party congress in October,
President Xi Jinping called for "making new ground in pursuing
opening up on all fronts", and has pledged to allow greater
access to China's markets for foreign investors.
In November, China said it would raise foreign ownership limits
in domestic financial firms, a long-anticipated step that grants
greater access to overseas investors in the Asian giant's
financial services market.
China has been accused of unfairly subsidizing exports and of
restricting foreign access to its domestic market, with U.S.
President Donald Trump often complaining of the massive trade
surplus China runs with the United States.
(Reporting by China monitoring desk and Kevin Yao; Editing by
Nick Macfie)
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