China to roll out more measures for attracting overseas capital in 2019

BEIJING, March 4 (Xinhua) – China's Ministry of Commerce (MOC) will take measures to further advance the campaign for facilitating overseas investment inflow as well as keep improving regional opening-up layout, Vice Minister of Commerce Wang Shouwen noted on a recent national meeting.

In the meantime, officials with the National Development and Reform Commission (NDRC) also disclosed that access restrictions will be further lifted to ensure a leveled playfield for domestic and overseas capital, reported Economic Information Daily.

To take a step further, relevant authorities will roll out favorable policies for central and western China regions to attract overseas capital, according to MOC spokesman Gao Feng, noting that the catalogue of industry guide for foreign investment as well as the one for the central and western China regions are under revision which would open up wider scope for foreign investment.

Compared with previous version, the revised industry catalogue that applies to central, western, northeastern China regions and Hainan adds 43 entries for bringing local characteristic resources into play and promote border opening-up and cooperation with countries and regions related to the Belt and Road Initiative, Gao said.

It is noted that actual use of foreign capital totaled 84.18 billion yuan in January, up 4.8 percent year on year, in which central China regions used 7.04 billion yuan, up 11.6 percent on year. (Edited by Niu Huizhe)