Luo Rong, director of the Institute of World Economic Studies at the Academy of Macroeconomic Research, pointed out that foreign companies could invest freely in this sector.

The intention is that they can “enjoy the same treatment as domestic companies, thus creating more investment opportunities and greater market prospects for foreign investors,” he told CCTV.

In his view, the complete removal of restrictions on the access to foreign investment in the manufacturing sector encourages global investors to do business in China with high-quality resources. jg/iff/mem/idm