China promises to ease foreign access to gas, call centers

Image
AP Beijing
Last Updated : Jun 30 2019 | 1:50 PM IST

China's government has promised to ease restrictions on foreign investment in gas pipelines, call centers and some other businesses in its latest market-opening measures.

Sunday's Cabinet announcement adds to a series of such measures announced amid trade tensions with Washington, though none directly addresses American complaints about Beijing's technology ambitions and controls on foreign companies.

The latest measures also promise more foreign access to some businesses in agriculture and mining.

The ruling Communist Party has announced a series of market-opening measures over the past 18 months as part of efforts to make China's state-dominated economy more productive.

Foreign business groups welcome the changes but say many have little effect so far on foreign companies.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 30 2019 | 1:50 PM IST

Next Story