On April 14, 2026, during a visit to the Midwestern U.S. state of Indiana, Chinese Ambassador to the United States Xie Feng delivered a speech at a roundtable discussion with Indiana’s business community, outlining the new opportunities presented by China’s 15th Five-Year Plan.
Ambassador Xie said that, according to the 15th Five-Year Plan, China will commit to win-win cooperation, further expand high-standard opening up, deepen institutional opening up, harmonize domestic and international rules, regulations, management, and standards, and foster a transparent, stable, and predictable institutional environment. We will expand market access and open up more areas, particularly in the service sector. We will further expand opening-up trials for value-added telecom services, biotechnology, wholly foreign-owned hospitals, and other fields, and take well-ordered steps to expand opening up in the digital sector. We will boost imports to promote balanced trade. We will expand two-way investment cooperation, and ensure national treatment for foreign-funded enterprises. We will improve the intellectual property protection system, explore expanding the scope of trademark protection, optimize copyright protection mechanisms, and broaden channels for resolving intellectual property disputes. We will also accelerate the reform of the government procurement system, and fully implement the principle of fair competition.
Ambassador Xie noted that China has been rolling out new opening-up measures to tackle the obstacles to business development. For example, we revised the Regulations for the Implementation of the Drug Administration Law in January, allowing compliant data obtained overseas to be used for drug registration applications in China, which will significantly facilitate innovation and development in the American biomedicine industry.
