Sunday , 21 July 2024
Home Global Economy China relaxes foreign investment ban
Global Economy

China relaxes foreign investment ban

As India take on Australia in the third ODI in Indore, it comes as an opportune time to recall the time when Virender Sehwag scored 219 runs ...

China’s economic planning body, the National Development and Reform Commission (NDRC), reduced the foreign investment ban list from 33 to 31 items, and the foreign investment ban list implemented in pilot free trade zones from 30 to 27 items.

In the new lists, the prohibition of foreigners to manufacture satellite television and radio broadcasting devices in the production of radio and television equipment was lifted, with the rule preventing the establishment of two separate partnerships to produce the same vehicles, with the ceiling rates imposed on the share of foreign investment in companies producing passenger cars.

Restrictions on the entry of foreign companies in the services sector into free trade zones were relaxed.

While the ban on foreign investment in the market research sector was lifted, polling for foreign investment was allowed. However, the restriction on foreign investment will remain partially, with the foreign share in partnerships in the sector not being more than 33 percent and the legal representatives must be Chinese citizens.

The two new lists will come into effect on January 1, 2022.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Global Economy

Spotlight on 2023: S&P 500 and the Significance of the 4400 Level

In our past exploration of the financial landscape of 2023, we delved...

Global Economy

AI and Data Analytics Drive Efficiency in Money Laundering Detection

BIS Innovation Hub Turns to Tech for Money Laundering Detection The BIS...

Global Economy

Russell 2000 Gains Momentum as Tech Stocks Outperform Value

Tech stocks have dominated the equity markets in recent months, surpassing value...

Global Economy

Crypto Exchange Bybit Announces Exit from Canadian Market Amid Regulatory Changes

Regulatory Shifts Prompt Bybit's Strategic Withdrawal from Canadian Crypto Market