Finance

China’s moves to boost foreign business also help Chinese companies

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Employees walk in Luziajui business district of Shanghai, China.

Lucas Schifres | Getty Images

BEIJING — The Chinese government’s latest efforts to make it easier for foreign businesses to operate locally come as China’s own companies seek to be global players.

China pushed ahead this month with long-awaited announcements for removing foreign ownership limits in major parts of the financial industry. Some foreign business organizations also said this month that they are encouraged by the draft rules for implementing China’s new foreign investment law, which takes effect Jan. 1.

While the moves come amid pressure from the U.S. on trade, some analysts point out how such changes help China…



Source cnbc.com

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