China eases foreign investment curbs
30 items removed from list of restricted investment areas
New guidelines issued by China’s National Development and Reform Commission and Ministry of Commerce removed 30 items from a list of areas off limits to foreign investors, reports Reuters. The changes will go into effect at the end of July.
Under the revised rules, foreign investors will now have more access to services, manufacturing and mining sectors. Specific restrictions lifted include those on rail transportation equipment, motorcycles, edible fats and oils, and fuel ethanol. Restrictions on unconventional oil and gas development, including shale, will also be lifted.