After losing to India in FDI, China opens up economy more
BEIJING: China, which last year lost the top position as an investment destination to India, has now opened up more sectors for foreign investors to catch up in the race. It is offering a slice of tightly controlled segments like public transport and railway equipment to foreign players besides cutting down the number of restrictions by a third from 93 to 62.
But what prompted Beijing to bite the bullet despite resistance from state-owned enterprises (SOEs) is not just slipping numbers of foreign direct investments. It is worried about US President-elect Donald Trump using China’s partially closed market as a reason to launch negative trade actions. Chinese authorities are trying to pre-empt adverse action from Trump, who has accused China of unfair investment practices resulting in the “theft of American jobs”.
India is set to get even Higher FDI in next few years. China can keep watching, their own companies are setting up Base in India
Subrahmanya Gupta Yakkala
china is a rogue country…need to boycott goods from China….encourage made in India goods….
AVOID CHINA NADE IN CHINA CHINISE STOCK FOOD OR PRODUCTS
chinese quality sucks
India should oppose China in trying to become a full member of WTO.
34 mins ago
Western powers made china what it is today…..China is now trying to bite those very hands that fed them! The creators have to now become destroyers and put leash on china…
China is in the bad book of US and Europe now, whatever they do FDI will not be more than India in coming days..Also world start to recognize them as an abator of terrorism.
Super. Whether anyone likes Modi or not, he is making China run for it’s money. All other governments, it was only Beggarland.
THIS IS JUST BEGINNING, IN COMING YEARS CHINESE GOING TO REMOVE PANT AND SKIRT TOO.
INDIA NEEDS TO WORK WITH AMERICA IN THE CLOTHING SECTORS
India should substitute Chinese good gradually replacing them with “Made In India” Japanese goods. This will be a win-win situation for both the countries. Japanese companies are not averse to Make In India. USA and Germany could become other substitutes.
1 hour ago
More than 90 percent of Chinese goods are substandard and is not worth the money you pay, even if it be low. Chinese themselves buy their equipment from outside China.
Paid article…. china does not give care about India… India is just 0.002 percent of china revenue….