China will remove all restrictions on foreign investment in the manufacturing sector, China's top leader Xi said on Oct. 18 during the 3rd Belt and Road Forum in Beijing, the Xinhua News Agency reported. This means for China to support an open world economy, one of the eight major steps to support high-quality Belt and Road Initiative (BRI) cooperation. China's manufacturing added value in 2022 accounted for nearly 30 percent of the global total, and the scale of its manufacturing industry ranked first in the world for the 13th consecutive year, according to official statistics from the Ministry of Industry and Information Technology. The nation revised the negative list for foreign investment access for five consecutive years, starting in 2017. The 2021 version of the list further reduced the number of items restricted from foreign investment to 31, and the version targeting the nation's pilot free trade zones shortened the number to 27, yicai.com reported. Industry-wise, the 2021 nationwide negative list removed basically all restrictions with only two remaining. The 2021 free trade zone negative list for foreign investment already removed all restrictions for the manufacturing sector, according to media reports. In 2022, foreign investment inflows continued growing with the actual use of foreign investment recording a year-to-year increase of 4.5% to $189.13 billion, exceeding 1.2 trillion yuan for the first time in Yuan terms. (ICE PECHINO)

Fonte notizia: https://www.globaltimes.cn/page/202310/1300134.shtml; https://english.news.cn/20231018/210c929d47e04