China removes foreign-ownership restrictions on aircraft manufacturers

Eleanor Steed
By Eleanor Steed April 17, 2018 17:00

China removes foreign-ownership restrictions on aircraft manufacturers

The Chinese National Development and Reform Commission says that it will remove foreign-ownership limits for ship and aircraft manufacturing. Foreign limits for makers of aircraft including aircraft, helicopters and drones, will be removed.

The move follows China’s pledge to open up sectors from banking to auto manufacturing amid trade disputes with the U.S. The commission said that its decision marks a “clear indication” of its opposition to protectionism in trade and investments.

Eleanor Steed
By Eleanor Steed April 17, 2018 17:00