Economy
14:09, 25-Dec-2018
China further reduces market access barriers
Updated
14:04, 28-Dec-2018
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China on Tuesday released the latest shorter investment negative list for domestic and international investors that will apply nationwide for the first time, marking the full implementation of the negative list system of market access in China.
The latest version of the negative list, jointly released by the National Development and Reform Commission(NDRC) and the Ministry of Commerce, consists of 151 items and 581 specific rules, down by 177 and 288 respectively compared with the previous version.
It outlines sectors, fields and businesses off-limits for investors. Industries not on the list are open for investment to all market players.
China started to pilot the negative-list approach in 2016 in the country's four provincial regions with free trade zones. The pilot practice was extended to another 11 provincial regions in 2017.
The country's top economic planner NDRC said the negative-list approach will help the market play the decisive role in allocating resources and enable a level playing field for all market players.
(With input from Xinhua)