China’s recent move to remove all foreign investment restrictions in manufacturing has sparked enthusiasm among multinational corporations looking to deepen their ties with the country. The shortened negative list for foreign investment access, set to take effect on 1 November, indicates China’s commitment to expanding high-standard opening-up.
The Ministry of Commerce praised the new list for its role in establishing a modern industrial system and attracting more foreign investment in advanced manufacturing and high-tech industries. Foreign-funded companies like Rockwell Automation and Panasonic Holdings Corp are optimistic about the opportunities this presents for their long-term growth in China.
Experts and officials agree that the removal of restrictions on foreign investment in manufacturing is a crucial step in China’s economic transformation and upgrading. With thousands of new foreign-invested companies established in the country in the first half of this year, the trend of increasing foreign investment in China is set to continue.
The reform and opening-up policies in China are not only creating opportunities for businesses worldwide but also contributing to global economic expansion and sustainable development.
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