Posted 11/26/2023, 1:00:13 AM
Beijing Unveils 170 Measures to Open Services Sector to Foreign Investment Amid Slowing Economy
- China endorsing 170 measures to open up Beijing's services sector to overseas and private investors as economy struggles post-pandemic
- New policies give foreign investors greater access to telecoms, healthcare, finance, culture/entertainment sectors in Beijing
- Measures include lifting foreign investment caps in certain telecoms services, allowing foreign doctors to open clinics
- Promoting digital economy by expanding Beijing data exchange, introducing data trade regulations
- Policies aim to align with international trade rules as China grapples with capital outflows, weak exports