The US Business Weekly recently published an article saying that in China, aversion to foreign capital is being brewed and foreign capital's access to China will face some policy changes in future. In response to this, Yi Xianrong, director of the Financial Development and System Research Office of the Financial Research Institute under the Chinese Academy of Social Sciences, said that China would not basically change its opening policy. On the contrary, Chinese economic reform is being carried out more deeply and the scale of opening-up will become still wider in future. However, from time to time, based on the changing situation in China and around the world, China will make some strategic adjustment in its opening policy.

Yi cited the restrictions on foreign capital's accession to domestic property market as an example, saying that the measures were not unique in China. In fact, similar restrictive measures have been, or are being taken in many developed and developing countries in the world. In South Korea, for example, there are strict restrictive measures to limit foreign capital's access to its domestic property market. With these measures, it is impossible for investors to make any gains in the real estate market. In France, similar situation also occurs. As many countries in the world have taken similar measures to restrict foreign capital entering into their domestic property market, it is also reasonable for China to do so.

House is one of the basic daily necessities for people living in modern society, and the right to residence is one of the most fundamental rights for every citizen in modern civilization. China being a socialist country, production, transaction and distribution of houses in the country should first serve to meet the basic needs of people in society at large, and to improve people's living conditions, rather than as a means of investment. When land is still public property in China, Chinese government has the responsibility to make its scarce land resources to serve the interest of every citizen in society. While most Chinese are still living in a poor condition, and social housing welfare system is still at a low level, it might be dereliction of duty if the government allows the scarce land resources to be traded as an investing means. Therefore it is reasonable for Chinese government to limit speculative activities in housing.

Of course, some people might say that at present, the government's restrictive measures would have little effect. However, as far as I am concerned, such restrictive measures are a clear signal to foreign investors that if they try to speculate in Chinese property market, they will face various kinds of policy risks, the expert said.

No one can stop China from further carrying out its opening policy. However, it should be noted that during the reform process, China faces a task to protect its national interest and the interest of the overwhelming majority in society. This is the very reason for China to start the reform. It is also the ultimate goal of the reform, he noted.