China Attracts More Global Investors

China’s recent opening-up measures have attracted more global investors eager to build or increase their presence in the rapidly growing market, an executive of JPMorgan Chase said Monday, Xinhua reported. “The Chinese market has greater appeal day by day,” said Jing Ulrich, managing director and vice chair of Asia Pacific of the New York-based bank, citing new policies in favor of foreign businesses such as the removal of equity caps. She made the remarks on the sidelines of JPMorgan Chase’s China summit, which runs from Tuesday to Wednesday and brings together more than 2,200 investors and corporate executives from 50 countries and regions. “Investors from around the world are moving to add investment here in preparation for opportunities to emerge in the future,” Ulrich said. China has rolled out an array of measures to significantly broaden market access since the beginning of 2018, a year that marks the 40th anniversary of the country’s reform and opening-up policy. Import tariffs for vehicles will be lowered, and restrictions in the manufacturing and financial sectors will be reduced.