China has removed all market access restrictions for foreign investors in the manufacturing sector, a landmark move made by the world's second-largest economy as it opens its doors wider.
Introducing more foreign investment while facilitating domestic companies' outbound reaches are of equal importance to the development of Shanghai's Hongqiao International Central Business District.
Multinational corporations have vowed to deepen ties with their partners in China and seize the tremendous opportunities, as the country has removed all foreign investment restrictions in the manufacturing sector.
The Shanghai Municipal Commission of Commerce, in collaboration with three other government departments, has released a comprehensive plan aimed at further optimizing the environment for foreign investment.
All of Henan province and nine cities in Yunnan province have been expanded to fall within the scope of the 144-hour visa-free transit policy, effective July 15.
China has implemented a range of visa-free transit policies to facilitate short-term travel. Among these policies are the 24-hour visa-free transit and the 72/144-hour visa-free transit options.
