China Lifts Barriers to Foreign Investment

Twitter
Facebook
LinkedIn
Email
ChinaStockMarketiStock-184299017_1_1280_800_84_s_c1

China will use a “negative list” management approach for all foreign investment to open up more sectors and further relax restrictions for foreign businesses, according to Xinhua.

The country's National Development and Reform Commission and Ministry of Commerce jointly issued a revised catalogue today (June 28, 2017), which will take effect on July 28, 2017.

It includes the negative list as well as sectors and industries that the government wants to encourage foreign companies to invest in. The list of sectors that completely ban foreign investment was shortened from 36 to 28.

The negative list will be implemented throughout China from July 28, 2017.

Under the approach, government approvals are not required for most foreign investment and only the negative list remains subject to approval.

Technical Paper: China’s One Belt One Road

The relaxed rules have opened up sectors such as highway passenger transport, processing of certain rare metals, as well as manufacturing of rail transit equipment, and cooking oil.

Sectors that are off-limits include air traffic control and compulsory education institutes.

It was recently revealed that Thailand’s Eastern Economic Corridor (EEC) project to develop its eastern seaboard may be linked to China’s One Belt, One Road Initiative.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Registration is now open for the FREE AI – PRIORI DataPX1 Webinar on Thursday 6th October at 14:00 (BST).

– Create Custom views of what is important to you across Business Roles

– Empower everyone to be data driven

– Amplify the value of data across your enterprise

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.