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China to Lift All Restrictions on Foreign Investment in Production - Document

© Sputnik / Anna Ratkoglo / Go to the mediabankA view shows Chinese national flags in a street of an old neighbourhood as the city prepares for the 20th National Congress of the Communist Party of China, in Beijing
A view shows Chinese national flags in a street of an old neighbourhood as the city prepares for the 20th National Congress of the Communist Party of China, in Beijing - Sputnik International, 1920, 08.09.2024
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BEIJING (Sputnik) - China plans to lift all restrictions on foreign investment in the production sector from November 1, according to a joint decision of the Chinese State Development and Reform Committee and Commerce Ministry released on Sunday.
The officials stressed that this move highlights Beijing's commitment to global economic openness and financial liberalization.

"[The decision] demonstrates China's unwavering determination to promote investment liberalization and facilitation, as well as its responsibility to promote global openness and cooperation," the document reads.

Pepe Escobar speaking  - Sputnik International, 1920, 07.09.2024
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It also provides for lifting the last existing restrictions on foreign investment in the sector, it added.
Meanwhile, several Western countries, including Canada and those from the European Union, are working to impose duties on Chinese-made electric vehicles.
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