Reforms to further ease restrictions on foreign investment

By ZHANG YUNBI | China Daily

China will ease restrictions on foreign investment, including a further opening-up in sectors such as services, manufacturing and mining, according to a news release issued after a key Party meeting on Tuesday.

A revised version of the Catalog for the Guidance of Foreign Investment Industries was approved at the Tuesday meeting of the Communist Party of China Central Committee’s Central Leading Group for Deepening Overall Reform.

Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting, the 35th of its kind.

The move was made as utilization of foreign capital in the first four months of 2017 reached 286.4 billion yuan ($41.6 billion), a slight drop of 0.1 percent year-on-year, according to the Ministry of Commerce. During the same period, China saw 9,726 new enterprises built with foreign investment, a year-on-year increase of 17.2 percent.