Ministry of Industry and Information Technology: To Further Open up Fields such as Automobile to Foreign Investment.

On October 22, Huang Libin, the Spokesman of the Ministry of Industry and Information Technology and Director of the Operation Monitoring and Coordination Bureau, said that in the future, foreign investment will be further allowed to flow into the fields such as telecommunication, Internet, automobile and other related fields to further improve the level of intellectual property protection and create a good business environment. This is another signal to improve the business environment of the market following the release of shareholding ratio opening schedule by the National Development and Reform Commission (NDRC) in mid-April 2018.

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