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• Urgent: China to create over 10 million urban jobs in 2015  • Urgent: China's M2 to increase around 12 percent in 2015  • Urgent: China maintains proactive fiscal, prudent monetary policies, notes policy flexibility  • Urgent: China to reduce foreign investment restrictions  • China raises budget deficit-to-GDP to 2.3 pct  • 1st LD: China lowers 2015 economic growth target to around 7 percent  • Chinese mainland to liberalize service trade with HK, Macao  • China to trial Shenzhen-HK Stock Connect  • China to reform investment, financing systems, other key areas  • Highlights of Chinese government work report for 2015  
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1st LD: China to reduce foreign investment restrictions

Xinhua, March 5, 2015 Adjust font size:

China will halve the number of industries in which foreign investment is restricted, according to a government work report to be delivered by Premier Li Keqiang Thursday.

The country will also revise the Catalogue for the Guidance of Industries for Foreign Investment and make the service and manufacturing sectors more open, according to the report to be delivered to the Third Session of the 12th National People's Congress (NPC), China's top legislature.

"Opening up is itself a reform," according to the report.

"We must carry out a new round of high-quality opening up, move more swiftly in building a new open economy," it read.

China would transform and upgrade its foreign trade, make use of foreign capital more actively and effectively and speed up the implementation of the "go global" strategy, according to the report.

The country will also promote multilateral, bilateral, and regional opening up and cooperation, it read. Endi