What Happened: China has rolled back some of the restrictions on foreign investment and foreign ownership in key industries, Reuters reported June 28.
Why It Matters: Beijing is signaling its continued willingness to push forward with economic openness amid growing pressure from its trading partners, such as the United States and the European Union, over restricted access to the Chinese market.
Background: China's government previously pledged to remove ownership limits in the insurance and automobile industries and has repeatedly said it will continue to enact market reforms based on its own needs.
- At the Boao Forum, Xi Unveils His Vision for the Global Economy (April 11, 2018)
- Tit for Tat? The Shape of U.S. Restrictions on Chinese FDI (February 10, 2018)