The Chinese Government is set to unveil new measures designed to attract foreign investment to the country later this month, it has been revealed.
Although special tax breaks for foreign investors will be phased out now that China has joined the World Trade Organisation, the Beijing authorities have reportedly agreed a whole host of other policies intended to make the country an attractive destination for foreign investment.
According to a report in the South China Morning Post on Thursday, the new policies may end restrictions on foreign investment, particularly in the trade and services sectors.
The new rules are also expected to open up the investment banking, insurance and travel sectors to foreign investors, as well as allowing them access to construction, accounting, aviation, and telecommunications.
The Chinese Government is reportedly especially keen to encourage overseas investment in the information technology, logistics, chemical, and petrochemical industries, and in the poorer and less developed areas of China.
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