Free trade zones

China eases 27 foreign investment restrictions

In a bid to arrest its economic slowdown, China has eased restrictions on foreign investment in its free trade zones, removing 27 items across eight sectors including mining, manufacturing and banking, on which foreign investment was barred, reports BSS.
In manufacturing, foreign companies are allowed to produce their own rail transport facilities, instead of having to set up joint ventures with local firms. Rules were also eased for foreign companies manufacturing electric vehicles and related products, state-run Xinhua news agency reported.
In finance, foreign banks are permitted to underwrite government bonds and they do not have to wait for a minimum period of operation to launch Renminbi (RMB) services.
The list, first compiled in 2013, spells out specific bans or restrictions to foreign investment. 

Free trade zones

China eases 27 foreign investment restrictions

In a bid to arrest its economic slowdown, China has eased restrictions on foreign investment in its free trade zones, removing 27 items across eight sectors including mining, manufacturing and banking, on which foreign investment was barred, reports BSS. In manufacturing, foreign companies are allowed to produce their own rail transport facilities, instead of having to set up joint ventures with local firms. Rules were also eased for foreign companies manufacturing electric vehicles and related products, state-run Xinhua news agencyreported. In finance, foreign banks are permitted to underwrite government bonds and they do not have to wait for a minimum period of operation to launch Renminbi (RMB) services. The list, first compiled in 2013, spells out specific bans or restrictions to foreign investment.