ECONOMY

Investment Steps

Shanghai unveiled a number of new measures on March 1 to facilitate the development of foreign-invested enterprises, as part of its efforts to further open up and spur growth, and minimize the impact of the novel coronavirus outbreak.

The city aims to build up foreign investors’ confidence in long-term investment and operation by easing market access, Hua Yuan, Director of the municipal commission of commerce, said during a teleconference.

“We will strive to expand opening up in key sectors including telecommunication, insurance, securities, research and technical services, education and health services,” Hua said.

He urged more support for attracting foreign investment, especially in high value-added modern service industries such as advanced manufacturing, science