International Steel Mills
July 19, 2016
China Opens Free Trade Zones to Foreign Investment
Written by Sandy Williams
China’s State Council announced today that it will relax regulations to allow foreign companies to set up wholly-owned steel manufacturing units in four pilot free trade zones.
According to a posting on the Central government website, foreign firms will no longer be subject to certain qualification requirements and stake control restrictions when investing in the Chinese steel industry. The zones are in the municipalities of Shanghai and Tianjin and the provinces of Guangdong and Fujian provinces.
