This April 22, 2015 photo shows a new energy vehicle on display at Shanghai Auto Show in Shanghai, east China. The State Council said on Aug 16, 2017 that China will expand market access to allow foreign capital into sectors like new-energy vehicle manufacturing, ship design, aircraft maintenance and railway passenger transportation. (DING TING / XINHUA)
BEIJING – The State Council, China's cabinet, on Wednesday made public a series of measures for ensuring the steady growth of foreign investment.
China should make its foreign investment environment "more law-based, internationalized and convenient" to promote growth and raise the quality of foreign investment, according to a document from the State Council.
"[The country] should further reduce market access restrictions for foreign capital," the document said.
It will roll out nationwide a negative list for investment that has been tested in pilot free-trade zones as soon as possible.
China will expand market access to allow foreign capital to enter some sectors including new-energy vehicle manufacturing, ship design, aircraft maintenance and railway passenger transportation, the document said.
The government will also make fiscal and taxation support policies, improve the investment environment in national-level development zones, and facilitate the cross-border flow of personnel.
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