China fully opens up manufacturing sector to foreign investment

China has announced it will fully open up its manufacturing sector to foreign investment, and will also allow more foreign capital into the health sector.

“Beijing will remove the last remaining restrictions on foreign investment in the manufacturing sector starting from Nov. 1 and narrow its list of areas off-limits to foreign investors,” the National Development and Reform Commission said on Sunday, adding that the government has pledged to promote the expansion and opening up of the service industry and encourage foreign investment into the sector.

China also separately announced a set of policies to further open up its health care sector, it said.