Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Policy

Foreign investors welcomed to invest in China's household service sector

July 08, 2020


Abstract : China welcomes foreign investors to invest in the country's household service sector and enjoy development opportunities, the Ministry of Commerce (MOC) said on Tuesday.

BEIJING, July 8 (Xinhua) -- China welcomes foreign investors to invest in the country's household service sector and enjoy development opportunities, the Ministry of Commerce (MOC) said on Tuesday. 

As household service sector is not included in the negative list for foreign investment implemented in China, foreign enterprises can register and set up household service companies in the country in accordance with relevant procedures the same as Chinese enterprises, Xian Guoyi, director with Department of Trade in Services and Commercial Services under MOC said during an online press briefing. 

The household service sector in China has great development potential, as demands for multi-layered and diversified domestic services such as home-based elderly care, childcare, cooking and cleaning grow strong, due to a larger aging population in the country and implementation of policies to encourage childbirth, stated the MOC official. 

Currently, China's household service industry is picking up pace of work resumption amid efforts to shore up the sector. As of the end of June, the work resumption rate of the industry had reached over 90 percent, according to Xian. (Edited by Su Dan with Xinhua Silk Road, silviasu07@163.com)

Scan the QR code and push it to your mobile phone

Keyword: foreign investment China's household service

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial