China unveils moves to further open economy to foreigners

Beijing

CHINA'S Cabinet issued measures on Tuesday to further open the world's second-largest economy to foreign investment, including easing limits on investment in banks and other financial institutions.

China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors, the State Council said in a statement posted on its website.

No further details were provided, nor a timetable for their implementation.

The state planner had indicated at the end of 2016 that the government would take measures to relax foreign investment in certain secto…