621x74 (2).gif

China Daily

News> Business> Content
Wednesday, September 18, 2019, 22:00
China shortens unified negative list for market access
By Xinhua
Wednesday, September 18, 2019, 22:00 By Xinhua

Containers are off-loaded from a cargo ship at Qingdao Port in East China's Shandong province. China has cut the number of sectors and businesses that are off-limits for both domestic and foreign investors in a revised negative list for market access, China's top economic planner said Sept 18, 2019. (PHOTO / IC)

BEIJING - China has cut the number of sectors and businesses that are off-limits for both domestic and foreign investors in a revised negative list for market access, the country's top economic planner said Wednesday.

The shortened list contains fewer administrative measures on investment and is still subject to approval, said Meng Wei, a spokesperson with the National Development and Reform Commission.

ALSO READ: New negative list to better bolster services trade

Industries, fields and businesses not on the list are open for investment to all market players. Chinese authorities revise the list on an annual basis, with the 2018 version released last December.

Unlike the negative lists for foreign investment market access released in June, the unified list applies to all market players including both domestic and foreign investors.

The negative list approach has been proven successful in making market access management more open, inclusive and predictable, as well as in boosting market vitality, Meng said.

READ MORE: China's negative list update opens doors wider

The country will pilot projects in some provinces to further widen market access, especially in the service sector, Meng said. 

Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !