China’s State Council to promote foreign investment growth
On August 16, the State Council released a circular (Guo Fa  No. 39) that detailed measures to promote foreign investment growth as part of China’s opening-up strategy.
The circular entails 22 measures that could be divided into five categories, including reducing market entry restrictions for foreign investment, making supportive fiscal and taxation policies, improving the investment environment for national development zones, attracting foreign talent, and optimizing the business environment.
While concrete policy plans to help foreign investors have yet to be issued, foreign investors could take the circular as a positive sign of the government’s intent to further relax restrictions on foreign investment. This is particularly the case as specific ministries have been put in charge and implementation timelines have been outlined for each measure in the circular.