China Releases Statement on Foreign Investment

In guidelines released on its website, China said it would restrict overseas investment in sectors such as property, hotels, cinema, entertainment and sports teams; the announcement comes as Beijing is supporting overseas technology and initiatives such as the massive global infrastructure investment plan One Belt, One Road; specific industries under close watch include Hollywood entertainment, the hotel industry and foreign insurance investments; overall, the efforts from the Chinese government are another step in reigning in foreign investment and supporting economic development. Source

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