From Yahoo Finance: 2025-04-18 06:28:00

China has announced plans to open up its service sector by lifting foreign equity restrictions for app store services. This move aims to attract more foreign investment and boost services consumption to support the economy amid trade tensions with the US. The plan includes expanding pilot programmes, promoting AI technology, and opening up telecommunications and healthcare sectors to foreign investors. Additionally, financial institutions will be allowed to expand their business scope, supporting multinational companies to conduct cross-border fund operations in yuan. China will also promote the trading of yuan treasury bond futures for risk management.



Read more at Yahoo Finance: China issues plan for expanding service sector opening-up