China to roll out new negative lists for foreign investors

China to roll out new negative lists for foreign investors

The liberalisation meets a longtime demand of the USA and other countries seeking better access for their companies in the world's biggest auto market and one of the largest markets for air travel.

This will be followed by the removal of ownership obstacles in 2022 for makers of commercial vehicles and passenger cars.

Until now, global automakers such as General Motors (GM) and Volkswagen (VLKAY) have been allowed to own no more than 50 percent of a joint venture with a Chinese partner and were limited to two ventures.

Analysts said the main beneficiaries, at least in the short term, would be manufacturers focused on new-energy vehicles, including US electric carmaker Tesla, which has been seeking to set up its own plant in Shanghai.

Analysts say the financial risk battle will take a toll on growth but China is counting on its 1.4 billion consumers to pick up the slack.

As the tit-for-tat trade battle continues, the two sides' strategies are becoming clear: The US sees China's technology ambitions as the area where it can impose maximum damage, while China is targeting politically inconvenient groups for Trump in hopes of exerting the most leverage. "The demand for electric cars is very small in other countries", he said.

"China's full opening of the manufacturing industry is a clear indication of our opposition to trade and investment protectionism, and shows our clear support to widening and deepening the development of economic globalisation", the NDRC said in the announcement.

France Mulls Military Action Against Syria For Gas Attacks
France is already involved in the US -led coalition created in 2014 to fight the Islamic State group in Syria and Iraq. Her office said that May had talked with US President Donald Trump by telephone on Thursday evening to discuss Syria.

"We believe a more free and flexible business environment will benefit both Chinese and foreign companies in China and the Chinese economy".

It said it hoped the liberalisations would encourage greater exchanges of capital, technology, management and personnel of Chinese and foreign firms.

China's move came amid the trade spat with the US following which Beijing has slapped 25 per cent tariffs on American soybean imports in retaliation for US President Donald Trump camping tariffs on a range of Chinese products.

Xi's announcement was among a series of measures seen as potential concessions to Trump in the face of a potential trade war, including a pledge to lower auto tariffs this year.

Since then, President Trump has threatened to raise duties on up to $150 billion of Chinese goods in a dispute over technology policy.

All sectors are open to foreign investors except for those outlined in the negative list.

The country slapped a temporary fee on USA sorghum on Tuesday after the United States banned American companies from selling parts to Chinese phone maker ZTE Corp on Monday.

Related Articles

  • Plastic-eating enzyme 'could help fight pollution'

    Plastic-eating enzyme 'could help fight pollution'

    These mutant enzymes with a taste for waste could lead to the full recycling of single-use bottles. The research team also included scientists from the US National Renewable Energy Laboratory .
    China's ZTE a national security risk, United Kingdom  telcos warned

    China's ZTE a national security risk, United Kingdom telcos warned

    According to a report from Reuters at the time, security concerns were raised during the negotiations between Huawei and AT&T. Oclaro generates about between 10% and 15% of revenue from both Huawei and ZTE and gets another 10% from Nokia.

    Chelsea comeback increases Saints' fears of drop as rivals win

    The Southampton boss said: "It was a poor challenge, a really poor challenge". The win left Palace in 16th place, six points clear of Southampton .
  • Trump takes aim at ex-FBI chief Comey in tweetstorm

    Trump takes aim at ex-FBI chief Comey in tweetstorm

    The commander-in-chief has stamped Comey as a "LEAKER & LIAR", ahead of his highly anticipated tome, which hits shelves Tuesday. The renewed attacks by Trump came as ABC News was set to air an interview with Comey at 10 p.m.
    More Games athletes on the run

    More Games athletes on the run

    Cameroon press attache Simon Molombe told Fairfax Media the athletes' whereabouts were unknown. In 2012, seven athletes from Cameroon were reported missing from the London Olympic Games .
    Penguins Go In As 'Favourites' As 2018 Stanley Cup Playoffs Begin

    Penguins Go In As 'Favourites' As 2018 Stanley Cup Playoffs Begin

    Washington Capitals over Columbus Blue Jackets in 6 - Caps get rid of Tortorella without trouble. "They were the better team". Murray has endured a hard season both on and off the ice, but had a.923 save percentage in games against the Flyers .
  • Actor Will Ferrell treated after freeway accident

    Actor Will Ferrell treated after freeway accident

    On Thursday night, Ferrell appeared at a amusing or Die event at Oceanside High School called Glam Up the Midterms . Ferrell and another passenger were "unhurt" and were released from an Orange County hospital, according to UTA.
    Officials warn of severe thunderstorms Sunday night

    Officials warn of severe thunderstorms Sunday night

    The storm is expected to persist through Sunday in Minnesota, Wisconsin and MI before moving into NY state and New England. Heavy showers or longer spells of rain will affect many areas tonight , heaviest in west Munster, Connacht and Ulster.
    Andy McCarthy: Trump in Serious 'Peril' on Cohen Case

    Andy McCarthy: Trump in Serious 'Peril' on Cohen Case

    But "the attorney-client privilege can't at the same time be used as a sword and as a shield", McKay told Wood. Daniels opposes the request; her response to Friday evening's request is due by 6 p.m.
  • History made as VAR penalty awarded during half-time in bizarre Bundesliga clash

    History made as VAR penalty awarded during half-time in bizarre Bundesliga clash

    Shortly before half-time there were muted appeals for a penalty decision, but they were turned down by referee Guido Winkmann. Afterwards, Freiburg sporting director Jochen Saier said: 'It leaves a bitter taste'.
    How to Watch the 2018 ACM Awards

    How to Watch the 2018 ACM Awards

    Male Vocalist of the Year nominees include Jason Aldean , Thomas Rhett, Chris Stapleton , Chris Young and Keith Urban . The song she'll perform at the show is "Cry Pretty", the first track from her forthcoming, still-untitled album .
    Winnie Mandela laid to rest in state funeral

    Winnie Mandela laid to rest in state funeral

    Also present at the service were South Africa's former presidents Thabo Mbeki... "She never stopped serving", he told reporters. South African President Cyril Ramaphosa said her death unified people across political divide and beyond the country's borders.