Removal of restrictions on foreign investment in China’s manufacturing sector – Mehr News Agency RCO News Agency

According to Mehr news agency, citing Sputnik, China will soon cancel restrictions on foreign investment in production.

The Beijing government plans to lift all restrictions on foreign investment in the manufacturing sector starting November 1, according to a joint decision by China’s State Development and Reform Commission and the country’s Ministry of Commerce, published on Sunday.

Chinese government officials announced the move as an indication of Beijing’s commitment to global economic openness and financial liberalization.

At the same time, several Western countries, including Canada and European Union countries, are trying to impose duties on electric cars made in China.