Foreign investors’ negative list revised

Source: Xinhua | 2018-05-28

CHINA is working to revise the negative lists for foreign investment as the country fulfills its promise to open wider.

The country is working on the revision of two negative lists for foreign investors, namely, a national negative list and a negative list for foreign investors in the free trade zones, said Tang Wenhong, head of the department of foreign investment of Ministry of Commerce. “The revision is under way in an orderly manner. It will deliver results in the foreseeable future.”

China started to pilot a negative list approach in the Shanghai FTZ in 2013. All sectors are open to foreign investors except for those outlined in the negative list.

The new negative list on foreign investment will impose a much smaller number of restrictions and unveil opening-up measures in fields like finance, automobiles, energy, resources, infrastructure, transportation, commercial circulation and services, Yan Pengcheng, spokesman for the National Development and Reform Commission, has said.