China’s state-run media giant Xinhua is reporting that the world’s second-largest economy will soon be deregulating and restructuring key sectors of its industry, including oil exploration and mining, in order to facilitate greater foreign investment in China.

“In its new ‘special management measures’ addressing foreign investment,” reports by United Press International, Beijing’s reform commission said the number of foreign investment-related restrictions will decrease from 48 to 40 items. For foreign investment into free trade “experimental” zones, China has decreased the number of restrictions from 45 to 37 items, according to Xinhua.” These bans and restrictions will be fully lifted by the end of this year….CLICK for complete article