China Vows to Further Open Service Industries

FINTS: China vows to push forward new round of opening up
“The new round of opening up will focus on the service industry, advancing the orderly opening of finance, education, culture, healthcare and other service fields, lifting restrictions to investments by foreign enterprises in a range of service industry sectors including child care, supporting the elderly, architectural design, accounting, auditing, logistics and e-commerce.” added Gao.

Apart from the above measures, national authorities including the Ministry of Commerce are also contemplating formulating a series of new policies to promote support for key exporting trades in service from financial and taxation departments, and to grant tax preference for high-tech and high-culture service industries.

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