China has rolled out a 20-point action plan to attract and retain foreign investment by expanding industries available for foreign companies and further facilitating their financing. It comes days after the Chinese president met with top private entrepreneurs, vowing stronger support for the private sector. How significant are these moves in advancing China’s reform and opening up given the current geopolitical tensions and challenges within the global economy? How effective are these measures? What more needs to be done to sustain stable economic growth?