Chinese premier vows easier access for foreign investment

BEIJING -- Chinese Premier Li Keqiang has said that China will grant easier access to and create better environment for foreign investment.

China will lift restrictions on foreign investment in sectors including rail transportation equipment, motorcycle, fuel ethanol and oil processing, according to a statement released after a State Council executive meeting presided over by Li.

The Foreign Investment Industrial Guidance Catalogue will be revised to encourage foreign investment to go to China's advanced manufacturing and productive service industries.

Besides, service industries of accounting, auditing and architectural design are now open to foreign investment, which will also be allowed in the construction of and operation of infrastructures in the fields of energy, water conservancy, environmental protection and municipal construction by way of franchising.