China will open the manufacturing sector for foreign companies
China will open doors wider to foreign investors this year by completely opening up its general manufacturing sector and expand access to a number of other sectors, Chinese Premier Li Keqiang said today, Xinhua reported.
Foreign investors will have wider access to sectors like telecommunications, medical services, education, elderly care and new energy vehicles, said Li when delivering a government work report to the first session of the 13th National People's Congress.
"We will make market entry standards the same for both Chinese and foreign banks," he said.
Li added that the Chinese government will also spread the use of practices developed in existing free trade zones all over the country, and explore opening free trade ports.
Source: The Standart
March 5, 2018