Nation continues to make progress in opening up to foreign investment

NOW IS THE TIME to invest in China not withdraw capital from the country, Wu Jianmin, president and CEO of East West Bank, wrote in article published by 21st Century Business Herald. Excerpts:

China has made substantial progress in opening up its market to foreign investment. It has embraced a "negative list" model in its administration of foreign capital, and the list has become shorter year by year - the number of industries that foreign capital cannot invest in decreased from 93 in 2016 to 63 last year.

Some previously taboo sectors, such as electric vehicle and airplane manufacturing, some financial services and agricultural industries, are now accessible to foreign investors. If China can keep the momentum of its opening-up, it will finally demonstrate the due posture that the world's second-largest economy should have.