China Eases Rules on Foreign Investment, Opens Manufacturing Sector at CIIE

Nov 5, 2024, 03:09 AM

Chinese authorities have released revised rules to encourage foreign investors to make long-term and value investments in the country. The new regulations, announced on Friday by six agencies including the Ministry of Commerce and the securities regulator, aim to revive sluggish foreign investment by easing restrictions on foreign strategic investment in listed companies and fully opening the manufacturing sector. Premier Li Qiang emphasized China's commitment to opening its doors wider to the outside world and improving the business environment. This includes expanding market access and advancing openness in sectors such as telecommunications, education, and culture. The move is part of China's broader strategy to attract more foreign capital and stimulate economic growth amid a challenging international environment. The announcement was made during the seventh China International Import Expo (CIIE).