China further eases foreign investment curbs on manufacturing By Reuters

© Reuters. Employees are seen working on a production line of a factory manufacturing composite material products in Nantong


© Reuters. Employees are seen working on a production line of a factory manufacturing composite material products in Nantong

BEIJING (Reuters) – China’s state planning agency has reduced the number of sectors subject to foreign investment restrictions, as Beijing moved to fulfill its promise to open major industries.

The National Development and Reform Commission (NDRC) on Sunday further eased foreign investment curbs on sectors including petroleum and gas exploration and widened access to agriculture, mining and manufacturing.

NDRC published on its website the new, shorter so-called negative list that sets out industries where foreign investment is limited or prohibited.

The number of items on the negative list was cut to 40 from 48 in the previous version, which was published in June last year. The new list takes effect on July 30.

The long-anticipated announcement comes after Presidents Donald Trump and Xi Jinping met in Japan, rekindling hope of a deal after negotiations broke down last month.

(This story corrects day of statement to Sunday from Saturday)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link