Reported 1 day ago
China has announced a strategy to expand the service sector's openness by easing foreign ownership restrictions, particularly in app store services. This initiative aims to attract foreign investment amidst ongoing trade tensions with the U.S., and includes plans for greater access for foreign firms in telecommunications, healthcare, and financial services. The country will also promote the application of AI technology and allow local operations for multinational companies in yuan-based fund management.
Source: YAHOO