CHINA to take steps to further open economy

The Chinese Government said in a white paper on Thursday that China will take steps to further open its economy, and the fullfilling world trade organisation (WTO) entry commitments has never been the end point of the country is opening up.
In the white paper, titled “ China in the world trade organisation”, The government reiterated that it pursues as a trade strategy of mutual benefit and win-win, and that China will continue to open up in “a more comprehensive, profound and diversied did way”. China, which joined WTO in 2001, is expected to issue a new “negative list” this week that sets out which of its industries are open to foreign investors, Which sectors are open with conditions, and which are closed. It was first run up in 1995, and had been revised seven times.
In the new list, due to be announced by Saturday, China will either abolish or L, Which sectors are open with conditions, and which are closed. It was first run up in 1995, and had been revised seven times.
In the new list, due to be announced by Saturday, China will either abolish or Loosen Forsign ownership Restrictions in sectors such as energy, resources, infrastructure, transport and professional services, in at dish restrictions in sectors such as energy, resources, infrastructure, transport and professional services, in addition to previously announced changes for the financial and auto sectors.
The pledge to widen access to Chinese markets and pursue a win-win strategy for China’s trading partners comes at Beijing Beijing remains locked in a in a tit-for-tit import traffic battle.