The State Council, China's Cabinet, released a guideline on further improving the utilization of foreign investment on Nov 7, with the aim of promoting high-quality development and unlocking market vitality. The document puts forward 20 measures in 4 aspects to safeguard a fairer, more transparent and predictable business environment for foreign-invested enterprises.
1. Expanding opening-up
1) Open up more sectors to foreign investors
2) Further open up the financial industry
3) Fine-tune policies on foreign investment in the auto industry
4) Build a fair business environment