The government will continue to improve foreign capital management, encourage outbound investment, stabilize foreign trade and explore global cooperation, according to a document released by the Communist Party of China Central Committee and the State Council.
A negative list, which identifies sectors and businesses that are off-limits for investment, will be issued; certain controls will be loosened; and supervision enhanced, the guideline said.
The service sector — including finance, education, culture and healthcare — will be more accessible to foreign investors, while restrictions on child- and old-age care, architectural design, accounting, auditing, logistics and e-commerce will be lifted.
As part of economic rebalancing,
Zhang Yansheng, secretary-general of the academic committee of the National Development and Reform Commission, said
Meanwhile, the guideline said, the government will boost outbound investment.
Companies will be encouraged to invest in infrastructure, energy and resources around the world, while advantageous industries including high-speed rail, nuclear power, aviation and machinery will be promoted globally.
Chinese enterprises invested a total of $123.12 billion overseas in 2014, up 14.2 percent year on year.
Zhang Xiangchen, vice negotiation representative for international trade at the Ministry of Commerce, expects outbound investment to continue to grow and surpass capital inflow.
According to the guideline, the government will cut red tape and simplify customs clearance to facilitate trade. Experts believe the policies will relieve exporters, and boost growth in international trade.
In terms of service trade, the guideline said the government will continue to boost the sector, continuing with the upgrade through Internet technology, such as big data and mobile networks, achieve international standards and enhance outsourcing.
Bucking lackluster goods trade, the service trade posted double-digit growth in the first half of the year.
In addition, the guideline said