Posted inBeijing, China

China announces more market opening, to phase out share limits in manufacturing

Beijing is moving to eliminate share-holding limits in a handful of manufacturing sectors, the top economic planning body said Tuesday. The policy will be phased in for some sectors as early as this year, Xinhua reported, citing the National Development and Reform Commission’s (NDRC) announcement. Share-holding limits on special-purpose and new-energy vehicles, shipbuilding processes and […]