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China considers easing foreign investment limits

Foreign investment restrictions in China could be lifted in sectors such as automotive electronics, rail transport equipment, some mining, agricultural and chemical production, theme parks and golf courses, as well as some service-industriesChina has indicated it could relax restrictions on foreign investment in some sectors as it struggles to counter an overseas exodus of capital, while facing accusations of protectionism from US President-elect Donald Trump. A record-setting wave of Chinese investment abroad has fuelled concern in Beijing over capital flight, reckless spending overseas, and the yuan’s fall against the US dollar. Citic Bank International’s chief China economist Liao Qun said the circular from the National Development and Reform Commission (NDRC) was prompted by worries about huge outflows of capital.

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