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Automotive steel chemical experts on foreign shares are expected to open up that there would be conditions

"Further liberalization of iron and steel, chemicals, automotive and other manufacturing sectors of foreign investment restrictions, including relaxing foreign investment in registered capital, equity ratio, scope restrictions. "The 18 session of the decision" further liberalization of foreign investment restrictions in the manufacturing sector ", Commerce Ministry spokesman Shen Danyang, 19th in the Commerce Ministry routine news conference detailing.
Industry insiders said, still present in the automotive and other industries ' policy is to limit foreign ownership, liberalized foreign equity restrictions is the general trend.

Shen Danyang, in matters related to opening up, reform of investment access, the recent focus on four areas: first, to speed up the promotion of a unified foreign laws and regulations, and maintain stable, transparent, predictable foreign policy.
Second, financial, educational, cultural, medical and other services ordered open. Specific areas are "release foster old-age, architectural design, accounting and auditing, trade logistics, e-commerce and other services", "as well as further liberalization of iron and steel, chemicals, automotive and other manufacturing sectors, foreign investment restrictions", open content is "including relaxing foreign investment in registered capital, equity ratio, scope restrictions."

Three is to encourage multinational companies to set up regional headquarters, research and development centers and other functional bodies, encourages more foreign investment in science and technology intermediaries and other public service platform construction. In addition, more attention to introducing advanced technology and management experience and high quality talent, and establish a scientific evaluation system of utilizing foreign capital.

FDI data of the Ministry of Commerce released the same day showed that the first ten months of this year, national actually used amount of foreign investment of 97.026 billion US dollars, an increase of 5.77%. October month, national actually used amount of foreign investment 84. $ 1.6 billion, an increase of 1.24%. This is the 9th consecutive month of positive growth in foreign investment in China.