China’s highest political authority has flagged a loosening of restrictions on foreign investment.
A recent meeting of the Central Committee of the Chinese Communist Party has approved revisions to the Catalogue for the Guidance of Foreign Investment Sectors that will overseas capital far greater access to domestic industries.
Sectors of the Chinese economy slated for great opening include services and manufacturing as well as mining.
The move comes just as Caixin editor Hu Shuli issued a call for China to use the One Belt One Road initiative as an opportunity to expand opening of the national economy and spur further growth in future.
Hu noted that overseas investors have already expressed concern about a worsening in China’s investment environment, and that this could have an adverse impact upon the country’s expansion into the financial markets of other countries should they reciprocate this treatment.
Foreign capital utilisation for the first four months of the year saw a slight year-on-teardrop of 0.1 percent to 286.4 billion yuan ($41.6 billion).
During the same period a total of 9,726 foreign invested enterprises took root on Chinese soil, for a year-on-year surge of 17.2%.
