China Opens Up More of Its Economy to Foreign Investors
- NDRC updates sectors where overseas investment is restricted
- Rules relaxed for banking, insurance and raft of commodities
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China is slowly following through on pledges to open up to foreigners, as an impending trade war with the U.S. focuses attention on Beijing’s grip over doing business in the world’s second-largest economy.
On Thursday the government formalized the easing of foreign investment limits on a range of industries from banking to agriculture, updating its so-called negative list of industries where overseas investors are restricted or banned.