China to lift foreign ownership limits on automobile, shipbuilding, airplane manufacturing

16:47, April 17, 2018

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  China to phase out automobile share-holding limits for foreign investors

  Concept plan of future new energy vehicles. (Photo: VCG)BEIJING, April 17 - China will phase out share-holding limits for foreign investors in the automobile sector, the country's top economic planner said Tuesday.Share-holding limits for special-purpose vehicles and new energy vehicles will be scrapped for foreign investors in 2018, while those for commercial vehicles and passenger vehicles will be lifted in

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  China, IMF to work together on financing Belt and Road Initiative

  (Photo: CGTN)Global financial leaders vow deeper cooperation on the Belt and Road Initiative Thursday in Beijing, where China's central bank governor Yi Gang and International Monetary Fund chief Christine Lagarde unveiled a capacity development center to better support the Initiative.Yi reiterated China's pledge to open up the financial sectors, scrapping the ownership limit for such foreign-funded firms as banks, securities

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  Impact of trade friction on China's economy 'limited, controllable'

  China is fully confident and well-prepared to ensure stable economic growth after a comprehensive analysis of the fallout from trade friction with the United States, said a spokesperson at the National Development and Reform Commission, the country's top economic planning body on Wednesday.(Photo: Xinhua)Yan Pengcheng said the impact of trade friction on the Chinese economy will be "limited and controllable."Trade