Tags: AS | China | Foreign Investment

China to Open Range of Service Sectors to Foreign Investment

Friday, 30 December 2016 07:03 AM EST

BEIJING (AP) — The Chinese government says it will ease restrictions on foreign investment in sectors ranging from banking and internet services to rail equipment and motorcycles, in response to mounting complaints from foreign business groups and governments.

An official with China's National Development and Reform Commission, the economic planning agency, said Friday that for the first time, service sectors such as accounting and auditing, architectural design and ratings services will be open to foreign investment.

The moves are part of a set of guidelines approved by China's Cabinet this week Beijing says are aimed at leveling the playing field for foreign companies and boosting investment, which has been slowing.

No specific details were immediately released.

U.S. and European business groups and governments have complained that China's restrictions on foreign investment are unfair.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Asia
The Chinese government says it will ease restrictions on foreign investment in sectors ranging from banking and internet services to rail equipment and motorcycles, in response to mounting complaints from foreign business groups and governments.An official with China's...
AS,China,Foreign Investment
132
2016-03-30
Friday, 30 December 2016 07:03 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved