News Column

Investment curbs scrapped

June 25, 2014

BEIJING: China is scrapping legal and financing curbs on some foreigners investing in businesses outside the banking industry, the trade ministry said yesterday.

As part of sweeping financial reforms intended to be China's most ambitious in three decades, the government is cutting swathes of red tape to reduce central planning. It would lift limits on the size of foreigners' initial investments, and abolish previous time and currency curbs set on such activity.

Cape Argus

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Source: Cape Argus (South Africa)

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