More sectors to open to foreign capital

Advanced Search

The story appears on

Page A10

December 28, 2016

GET this page in PDF

Free for subscribers

View shopping cart

More sectors to open to foreign capital

Source: Xinhua | December 28, 2016, Wednesday |

Print Edition

MORE sectors will be open to foreign investment, an important stimulus for China’s real economy, the Ministry of Commerce has said.

In 2017, a larger share of capital inflow will be directed to high-end manufacturing, a key part of the real economy, Minister of Commerce Gao Hucheng said at a national commerce work conference, which ended yesterday.

Investment access curbs will be lowered for general manufacturing as well, he added.

Foreign investment will also be tapped to develop a modern service industry, as China gradually opens its finance and telecommunication service sectors, Gao said.

Developing the real economy will be a major feature of China’s efforts to go global next year, with more investment for technical and managerial expertise.

China’s foreign direct investment, excluding investment in the financial sector, is likely to be around 785 billion yuan (US$113 billion) this year, with 70 percent of the inflow going to the service sector, official estimates showed.

To draw more foreign investment, Gao called for the success of free trade zones, which have fewer investment curbs, to be repeated.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

More sectors to open to foreign capital

Email this to your friend