Curbs on for­eign in­vest­ment will be dropped

China Daily (Canada) - - NEWSCAPSULE -

The cen­tral govern­ment is scrap­ping le­gal and fi­nanc­ing curbs on some for­eign­ers in­vest­ing in businesses out­side the bank­ing in­dus­try, of­fi­cials said

As part of sweep­ing fi­nan­cial re­forms, the govern­ment is cut­ting red tape to re­duce cen­tral plan­ning and align the na­tion’s econ­omy more closely with free mar­kets.

The Min­istry of Com­merce said on Tues­day that it would lift lim­its on the size of for­eign­ers’ ini­tial in­vest­ments and abol­ish the time and cur­rency curbs on such ac­tiv­ity.

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