Beijing has removed the 50 percent foreign ownership limit in its telecoms pilot zones. The change allows international companies to establish operations in approved areas.
The policy shift aims to attract new investment while addressing restrictions imposed by the United States on carriers. International firms can now participate directly in the designated Chinese zones without the previous ownership restriction. Officials presented the move as a response to external pressures on the sector.
Chinese officials and executives highlighted plans to ease market access and expand services sectors at a business conference ahead of an APEC trade meeting in Suzhou.
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The Ministry of Transport and Logistics has issued a revised directive allowing foreign companies to operate in Ethiopia's multimodal transport sector without the previous 49 percent ownership limit.
Korean investors turned net buyers of several China-focused exchange-traded funds and technology stocks on Thursday amid a decline in mainland Chinese markets.
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Conflict in the Middle East and global turbulence following US-Israeli strikes against Iran have prompted foreign investors to seek certainty in China. Speakers at the China Development Forum highlighted this trend.