We begin with a look at China's ongoing opening-up effort. The National Development and Reform Commission unveiled plans on Tuesday to scrap share-holding limits for foreign car companies. The move by China's top economic planner is part of the central government's move to deepen reforms and open wider to overseas investors. Li Ling xi reports.

The National Development and Reform Commission is working with other departments to revise China's foreign investment negative list. Manufacturing is expected to be the focal point of the new list. The time-line set out by the NDRC on Tuesday showed that China will scrap foreign ownership limits on new energy vehicle firms in 2018. China will also remove foreign stake caps on commercial vehicle firms in 2020 and on passenger vehicle firms in 2022.

LI WANLI, ANALYST CHINA INT'L ENGINEERING CONSULTING CORP. "China's reform and opening-up drive has been going on for four decades. A few sectors, such as automobiles, have seen significant growth during this period. The new policy change will be rolled out gradually. The timeline is in line with the overall development of China's auto sector."

The NDRC also said that China will remove all foreign ownership limits in the ship and aircraft manufacturing sectors this year. The planner will release a new negative list for foreign investment before July to substantially relax foreign investment access. The new list was also expected to expand into several new sectors, including energy, resources and infrastructure.