Shanghai authorities rolled out new measures Thursday to woo foreign investors¹, cutting restrictions² on their access to the city's service and manufacturing sectors³.

 

上海政府周四出台了吸引外国投资者的新举措，减少他们进入城市服务以及制造业的限制。

 

Accounting⁵, auditing⁶, architectural design and rating services, as well as financial services, will open wider to foreign investment, according to a directive issued by the Shanghai municipal government.

 

In addition, the government will press ahead with "orderly" opening of fields such as telecommunications, the Internet, culture, education and transportation, and welcomes foreign investment in government-backed science and technology projects, said the directive.

 

In the industrial sector⁴, limits for foreign investors will be eased in the production of rail transit⁷ equipment, motorbikes and fuel.

 

The government supports foreign capital's involvement in advanced manufacturing industries, such as new information technology, new materials, intelligent equipment, biomedicine, aerospace⁸, new energy and Internet-based automobiles⁹.

 

It also hopes foreign investors could help sharpen the competitive edge of the city's traditional auto¹⁰, steel, shipping¹¹ and chemical industries.

 

What's more, new measures to open financial, telecommunications, the Internet, cultural, shipping, and maintenance services will be piloted in the Shanghai free trade zone.

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