Further opening to boost FDI

Large Chinese cities will be beneficiaries of increased foreign direct investment through new channels in the service sector, thanks to a fairer market environment and stricter laws to protect intellectual property, said experts on Tuesday.

Their comments came after the central government's call on Monday to ease the entry restrictions and share ratio limitations on foreign investment in areas such as nursery and elderly care, architecture, accounting, commerce and logistics, e-commerce and the traditional manufacturing and service sectors.

The central government urged megacities including Beijing, Shanghai, Guangzhou and Shenzhen to take the lead in improving the business environment, calling for moves to reduce inspections and fines on companies, and ban the charging of illegal fees.