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China will gradually cut the current 25 percent tariff on imported cars, the foreign ministry said in a news release on Thursday. It also said the government will initiate a pilot program before June 2018 that will relax foreign firms' ownership restrictions for new energy and special use vehicle businesses established in free trade zones.
China's FTZs have a proven track record in attracting foreign investment. In the first half of this year, the country's initial 12 FTZs attracted foreign investment of nearly 70 billion yuan ( billion), accounting for 14 percent of the country's total, said Vice-Minister of Commerce Wang Shouwen.
China will further streamline the management authority of State-owned financial capital (SOFC), a move to preserve and increase its value while maintaining financial security and stability, officials and industry experts said.
China's actual use of foreign capital surged 18.3 percent on a yearly basis to 81.87 billion yuan (.83 billion) in October of this year, marking the seventh consecutive month for the country to witness positive growth in foreign direct investment, according to data released by the Ministry of Commerce.
China's Belt and Road Initiative is a "game changer" and "has increased the efficiency of global trade", according to a senior South African diplomat in an exclusive interview with China Daily.
来源：资阳报