China to allow more foreign investment

Xinhua, BEIJING: China will further ease foreign investors’ access to service and high-end manufacturing sectors, Minister of Commerce Gao Hucheng said yesterday.
Sectors of finance, education, culture and logistics will be opened wider to foreign capital, and restrictions on high-end manufacturing will be relaxed, Gao said on the sidelines of the annual parliamentary session. Gao hoped foreign investment will help China’s state-owned enterprises innovate and upgrade.
China attracted a total of 126 billion U.S. dollars of foreign capital in 2015, up 5.6 percent over the previous year, with service and high-end manufacturing sectors attracting over 70 per cent of the total.
Foreign investors are shifting their focus to high-tech manufacturing and service sectors, Gao said, describing the phenomenon as a “structural improvement”.
Gao also expected the less-developed central and western regions to come to the front of opening up thanks to the implementation of the Belt and Road Initiative.

China to allow more foreign investment

Xinhua, BEIJING: China will further ease foreign investors access to service and high-end manufacturing sectors, Minister of Commerce Gao Hucheng said yesterday. Sectors of finance, education, culture and logistics will be opened wider to foreign capital, and restrictions on high-end manufacturing will be relaxed, Gao said on the sidelines of the annual parliamentary session. Gao hoped foreign investment will help Chinas state-owned enterprises innovate and upgrade. China attracted a total of 126 billion U.S. dollars of foreign capital in 2015, up 5.6 percent over the previous year, with service and high-end manufacturing sectors attracting over 70 per cent of the total. Foreign investors are shifting their focus to high-tech manufacturing and service sectors, Gao said, describing the phenomenon as a structural improvement. Gao also expected the less-developed central and western regions to come to the front of opening up thanks to the implementation of the Belt and Road Initiative.