China to attract more foreign investments

Chinese President, Xi Jinping

The Chinese cabinet has issued guidelines aimed at attracting more foreign investors, including plans to encourage investment in its hi-tech industries.

The state council said in a statement on its website, that China would step up opening-up in areas including financial and auto sectors, and would “neither explicitly nor implicitly” force foreign investors and companies to transfer technologies,

The measures were unveiled in a news briefing last week announced by China’s vice commerce minister.

Peace PIAK