China Eases Curbs to Woo Global Investors Ahead of US Elections
- Foreign investment into China has subsided in recent quarters
- Measures were ‘long overdue,’ investment analyst says
Net foreign direct investment into China has deteriorated over the past several quarters amid disappointing economic growth figures.
Photographer: Mark Nolan/Getty ImagesChina is taking further steps to attract foreign money just days before US elections that have raised concern about the impact on the world’s second-biggest economy from a return of Donald Trump to the White House.
Foreign individuals are now allowed to provide capital for publicly traded firms as strategic investors, the China Securities Regulatory Commission, the Commerce Ministry and four other regulators said in a statement late Friday.