Cities win overseas investment access

China's State Council — the country's Cabinet — announced on Thursday that six cities on the Chinese mainland will expand overseas investment access to several service sectors, including eldercare, travel, telecommunications, entertainment and live performance and entertainment businesses.

Some cities are allowed to permit foreign-funded travel agents engaged in the outbound travel business, with the exception of the Taiwan region. Some have been granted the power to approve entertainment and performance activities funded by investors from the Hong Kong and Macao special administrative regions and Taiwan. This authority was originally the domain of provincial-level governments.

The six cities are Shenyang, Liaoning province; Nanjing, Jiangsu province; Hangzhou, Zhejiang province; Wuhan, Hubei province; Guangzhou, Guangdong province; and Chengdu, Sichuan province.