China opens the High-Tech sector to foreign investors

09/02/2019

 

These sectors are at the forefront of the Tech world and had many restrictions for foreign investors

 

China is opening its huge market to the world and also to foreign investors. Sectors previously closed just to the Chinese market, are now also open to foreign investors. This is the case of the high technology sector adopted in modern agriculture and others.

In the new version of the Foreign Investment Industries Catalog, published by the National Development and Reform Commission and the Ministry of Commerce of China, more foreign entities are encouraged to invest in sectors such as advanced manufacturing and the service industry.

 

Encourage more foreign entities to invest in sectors such as advanced manufacturing and modern service industry

 

The Ministry’s move, however, is just one of many initiatives to open the Chinese market in the world. At the end of December, for example, the country has more than halved the negative list to allow foreign investments in sectors such as insurance, securities and automobiles.

And the new measures are giving excellent results. China, in fact, was the largest recipient of foreign direct investment in the first half of last year, according to a report published by the United Nations Conference on Trade and Development in October.

 

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