China to Further Open Up Industries, Ease Burden for Companies
Employees monitor operations at gas stations across the region.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is taking a major step to open up sectors ranging from oil and gas to telecommunications and railways, easing market regulations and lowering financing costs for private companies.
The government will offer more tax breaks and broaden incentives to more firms, according to a government statement published by the official Xinhua News Agency, which didn’t specify the industries.