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VII Cutting negative lists for foreign investment

A teller counts and arranges dollar notes at a bank in Huaibei, Anhui province. [Photo/sipaphoto.com]

China has unveiled new, shortened negative lists for foreign investment, as part of efforts to further open up the economy and improve its business environment.

The number of sectors that are off-limits to foreign investors has been cut to 33 in the 2020 version of the negative list from 40 in the 2019 version.

China also unveiled its 2020 negative list for foreign investment in pilot FTZs, cutting the number of prohibited industries to 30 from 37. The two new negative lists took effect on July 23.

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