China removes telecom from list of ‘sensitive sectors’ for outbound investment

12 Feb 2018

Beijing has updated its list of ‘sensitive sectors’ for outbound investment, removing – amongst others – telecoms operations from the list. Xinhua reports that investment in overseas telecoms projects will no longer require official approvals, and can go ahead with investors needing only complete filings with the relevant authorities. Telecoms and energy sectors were removed from the list, whilst the arms industry, property, hotels, cinemas and others were added, as the government looks to ‘curb irrational overseas investment,’ the state news agency writes, citing the National Development and Reform Commission (NDRC). The new measures come into effect from 1 March.