Palestine Economy Portal

The Chinese planning committee of the state said that they reduced the number of sectors subject to foreign investment restrictions, as Beijing moves to meet its pledge to open up large industries to investment.

The idea of loosening the restrictions came after the US and China resumed trade talks, with President Trump presenting concessions on tariffs and easing restrictions on China’s Huawei technology company.

The National Development and Reform Commission (NDRC) said that they lessened the restrictions on foreign investments in sectors, including oil and gas explorations, and it has allowed for greater openness in the agriculture, mining and manufacturing sectors.    

The NDRC posted a shorter list of industries, on its website, in which foreign investment is restricted or prohibited.

NDRC lessened the number of sectors from 40 sectors, as the old list that was published in June 2018 contained 48 sectors. Work on the new list will resume on July 30th, 2019.

Source: CNBC Arabic