A worker on an assembly line at a Ford plant in Chongqing. Vice-Premier Wang Yang says China needs to shift investment focus to the service sectors, the central and western regions and to high value-added sectors. Photo: Reuters

Beijing cuts red tape for foreign firms as it vies for investors

Regulation from 1995 requiring companies to set up representative offices in China scrapped, as vice-premier warns of new challenges ahead

Topic |   China economy

TOP PICKS

A worker on an assembly line at a Ford plant in Chongqing. Vice-Premier Wang Yang says China needs to shift investment focus to the service sectors, the central and western regions and to high value-added sectors. Photo: Reuters
READ FULL ARTICLE