Home / China / China to open e-commerce, other sectors to unfamiliar investment: newspaper

China to open e-commerce, other sectors to unfamiliar investment: newspaper

SHANGHAI China will lift restrictions to investments by unfamiliar firms in a operation of use attention sectors, including e-commerce, logistics, accounting and auditing, a China Securities News quoted commerce apportion Gao Hucheng as saying.

Gao pronounced China would also foster a nurse opening of other use fields including finance, education, enlightenment and health care, a news published on Saturday pronounced but elaborating or giving a time-frame.

China’s trade in services would surpass $1 trillion by 2020, a apportion predicted. The Ministry of Commerce has formerly pronounced a value of China’s services trade was approaching to surpass $750 billion this year.

The Chinese supervision has been attempting to beam a economy divided from a faith on investment and exports to one mostly orientated towards services and underpinned by domestic demand.

Gao’s comments come on a eve of shared meetings in early Jun between China and a United States during that U.S. officials are staid to press their Chinese counterparts to take stairs to urge a business and investment meridian and open Chinese expansion sectors to U.S. investment.

The Obama administration is negotiating a shared investment covenant with China, and U.S. negotiators have pronounced they are still available a new “negative list” of sectors that Beijing wants to keep off limits.

(Reporting by John Ruwitch and Wang Jing; Editing by Shri Navaratnam)

Article source: http://www.reuters.com/article/us-china-services-idUSKCN0YJ06D