China announced the removal of all foreign investment restrictions in its manufacturing sector, effective from November 1, 2024.
This change comes as the country updates its negative list for foreign investment access, reducing restrictions from 31 to 29 items. The move aims to attract foreign capital into advanced manufacturing and high-tech industries, promoting innovation and economic growth. Foreign investment in China's high-tech sectors has already grown to 37.4% of total foreign capital, reflecting a 10% increase since 2017.