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China proposes cutting items on negative list for market access By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: A group of people rest in a park located near Beijing’s main business district, China on August 29, 2017. Picture taken August 29, 2017. REUTERS/Jason Lee

BEIJING, (Reuters) – China further reduces the list of industries and sectors that are closed to foreign investors and Chinese in its most recent draft of the so-called “negative list” for market access.

According to Friday’s document by the National Development and Reform Commission, the 2021 list has been reduced to 117 industries, down from 123 on the 2020 list.

Industries that aren’t on the list may be open to investment by all, and they don’t require any approval.

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