Neg­a­tive list fa­cil­i­tates foreign in­vest­ment

China Daily (Hong Kong) - - POLICY REVIEW -

From July 28, the neg­a­tive list, which iden­ti­fies sec­tors and busi­nesses that are off-lim­its or restricted from foreign in­vest­ment, will be im­ple­mented na­tion­wide, ac­cord­ing to the Cat­a­logue of In­dus­tries for Guid­ing Foreign In­vest­ment (2017 Re­vi­sion), jointly is­sued by the Na­tional Development and Re­form Com­mis­sion and the Min­istry of Com­merce. The doc­u­ment in­cludes the neg­a­tive list as well as sec­tors and in­dus­tries that the govern­ment wants to en­cour­age foreign com­pa­nies to in­vest in. The guide­line said that China will use a “neg­a­tive list” man­age­ment ap­proach for all foreign in­vest­ment, open up more sec­tors and fur­ther re­lax re­stric­tions for foreign busi­nesses. The new cat­a­logue short­ened the list of sec­tors that com­pletely ban foreign in­vest­ment from 36 to 28. Sec­tors that are off-lim­its to foreign in­vestors in­clude air traf­fic con­trol and com­pul­sory ed­u­ca­tion in­sti­tutes.

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