Prognosis
China Opens More Manufacturing, Health Care to Foreign Money
- Statements from ministries signal opening up to investment
- Authorities are working to revive struggling economy
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China will fully open its manufacturing sector to foreign investments and is also allowing more room for overseas capital in its health sector, adding to efforts to revive the world’s second-largest economy.
Beijing will remove the last remaining limits on investments from other countries in the manufacturing sector from Nov. 1 and cut its list of areas that are restricted for foreign investors, according to a statement from the National Development and Reform Commission posted on Sunday. The restrictions to be dropped are relatively minor, such as requirements for Chinese majority control of printing factories and a prohibition on investment in production of Chinese herbal medication.