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14 March, 2016 00:00 00 AM
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China to allow more foreign investment

Xinhua

Xinhua, BEIJING: China will further ease foreign investors’ access to service and high-end manufacturing sectors, Minister of Commerce Gao Hucheng said yesterday.
Sectors of finance, education, culture and logistics will be opened wider to foreign capital, and restrictions on high-end manufacturing will be relaxed, Gao said on the sidelines of the annual parliamentary session. Gao hoped foreign investment will help China’s state-owned enterprises innovate and upgrade.
China attracted a total of 126 billion U.S. dollars of foreign capital in 2015, up 5.6 percent over the previous year, with service and high-end manufacturing sectors attracting over 70 per cent of the total.
Foreign investors are shifting their focus to high-tech manufacturing and service sectors, Gao said, describing the phenomenon as a “structural improvement”.
Gao also expected the less-developed central and western regions to come to the front of opening up thanks to the implementation of the Belt and Road Initiative.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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