Restrictions on foreign investment in the mining sector of the service industry will be greatly relaxed.

“By revising the directories of the foreign investment industry and relevant policies and regulations, China will greatly broaden the restrictions on the access of foreign investment in the fields of service, manufacturing and mining.” Wang Shouwen, Vice Minister of Commerce, disclosed in a briefing on the policy of opening up to the outside world and actively utilizing foreign investment.
In the expansion of opening to the outside world, the circular pointed out that the policy measures of “China’s 2025″ strategy should be equally applicable to domestic and foreign enterprises, encouraging foreign investment in high-end manufacturing, intelligent manufacturing, green manufacturing, and upgrading the traditional industries. We should support foreign investment to participate in infrastructure construction in accordance with the rules and regulations in accordance with the regulations, and apply relevant supporting policies equally. Supporting foreign investment in R & D centers, and developing R & D cooperation with domestic funded enterprises and research institutions.
CITICIC is mainly engaged in the designing and manufacturing of large machinery components and non-standard machinery parts,including shafts,gears sprockets,sheaves,couplings,bearing supports,castings and forgings etc.the products are mainly used in the fields of mining,petroleum,cement,steel mill,power plant,sugar factory etc.the material of products can reach more than one hundred types,which can meet different national standards.

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Post time: Jan-17-2017
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