China pledges zero restrictions on foreign investments in manufacturing

Plans are underway to expand the list of allowed industries.

China has pledged to eliminate all restrictions on foreign investment in the manufacturing sector to facilitate market access and improve the business environment for foreign companies, Zhu Bing, an official from the Ministry of Commerce, announced.

The government plans to expand the list of industries that welcome foreign investment and facilitate smooth opening, particularly in sectors like telecom, internet, education, culture, and medical care.

Zhu stressed that China remains an attractive destination for foreign investment, citing the country's strong economic fundamentals, large market, high-quality industrial resources, and skilled workforce.

In the first half of this year, foreign investment in China reached nearly about $70b (¥500b), one of the highest levels in the past decade.

Additionally, the number of newly registered foreign-owned businesses in China increased by 14.2% compared to the previous year, reaching nearly 27,000.

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