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back to index backCHINAtalk December,  2016


China promises to open FDI rules

China moved towards opening up markets such as railway equipment and vehicle batteries on Wednesday with the publication of draft foreign investment guidelines which it said would "increase openness to the outside world." According to Reuters, Beijing is facing mounting criticism from foreign governments over its closed markets. Despite repeated pledges to increase access for foreign firms, critics say it has not followed through on its reform agenda. They also say new regulations are restricting market access even further, leading to increased pessimism about China's business environment within the foreign business community. China's Ministry of Commerce and state planner the National Development and Reform Commission issued the draft rules, which cut the number of sectors on several restricted and prohibited lists from 93 to 62.

Source: China Economic Review - GAI






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