China 'opening wider' for FDI

BEIJING - China will "open wider" to the world by encouraging foreign companies to invest, for the first time, in certain industries under a new draft regulating foreign investment, experts said.

The select industries, in the recently released Foreign Direct Investment Industry Guidelines, include high-tech, clean energy, aerospace and aviation, new materials, high-end manufacturing and advanced logistics. The guidelines will replace the previous version, published in 2007.

There are also changes in the services sector with vocational education and training encouraged in the guidelines and the medical professions are no longer excluded.