China’s cabinet on Tuesday unveiled new steps to arrest a slowdown in foreign investment, including expanding market access and relaxing some rules.
In an action plan, the State Council, China’s cabinet, said it will reduce the list of industries where activities by foreign investors are either restricted or prohibited, and carry out pilot projects in science and tech innovation to attract overseas firms. “Foreign investment is an important force in participating in China’s modernization drive and promoting the common prosperity and development of China’s economy and the world economy,” the cabinet said in the published plan.
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