Beijing may ease foreign investment limits in some sectors

Shanghai

CHINA has indicated it could relax restrictions on foreign investment in some sectors as it struggles to counter an overseas exodus of capital, while facing accusations of protectionism from US President-elect Donald Trump.

A record-setting wave of Chinese investment abroad has fuelled concern in Beijing over capital flight, reckless spending overseas, and the yuan's fall against the US dollar.

A notice from China's economic planning agency on Wednesday said that foreign investment restrictions could be eased in sectors such as automotive electronics; rail transport equipment; some mining, agricult…