Restrictions to be lifted on foreign capital

Investment boost: People walking along a pedestrian street in Shanghai. China will further open up its services sector, with a particular focus on accelerating pilot programmes in key areas such as telecommunications, healthcare and education. — AFP

SHANGHAI: China has rolled out a plan to stabilise foreign investment this year, signalling the country’s determination to achieve high-level opening-up in the face of rising global protectionism, according to analysts.

The plan, adopted at the State Council executive meeting chaired by Premier Li Qiang, outlined more practical and effective measures to both retain existing and attract new foreign investment because of the vital role that foreign-invested businesses play in terms of job creation, export stability and industrial upgrading.