BEIJING, Jan. 9 (Xinhua) -- China is going to modify the Catalogue of Industries for Guiding Foreign Investment and related regulations to much lower threshold for foreign investment in service, manufacturing, and mining sectors, according to a report by Guangming Daily, quoting Wang Shouwen, deputy head of the Ministry of Commerce, as saying.
Wang made the remarks at a policy briefing on wider opening-up and active use of foreign fund held by the State Council Information Office lately.
According to a circular issued at the briefing, the implementation measures for Made-in-China 2025 strategy would be applicable to both domestic and overseas enterprises. China would encourage foreign investment in high-end, smart, and green manufacturing and transformation of traditional industries. Chinas would also applaud foreign investors to participate in infrastructure construction by way of franchising and to set up R&D centers in China to cooperate with domestic enterprises and institutions in scientific research and development.
To create fair competitive environment, Chinese government will forbid arbitrary expansion of limits for foreign investors by local authorities, promote fair participation of domestic and foreign enterprises in China's standardizing work, give equal treatment to foreign products that are manufactured in China, and strengthen protection for intellectual property rights of foreign-invested enterprises.
Besides, China would support western, central, and eastern areas of the country to accept industrial transfer, promote two-way liquidity of funds, and enhance overseas financing ability of foreign-invested enterprises. Enditem (Edited by Li Xiaohui, lixh@xinhua.org)
A single purchase
