Negative list for investors to go nationwide
Print Edition
THE negative list method of specifying sectors off limits to foreign investors, which is being tried out in the Shanghai pilot free trade zone, will be applied nationwide this year, China’s top economic planner said yesterday.
The government will apply the negative list method to all foreign investment in the country this year, Lian Weiliang, deputy head of the National Development and Reform Commission, said during a media conference yesterday.
“The move will be part of the government’s effort to further streamline administrative procedures and decentralize power in order to boost market vitality and create an environment for entrepreneurship and innovation,” Lian said.
Last year, the negative list was reduced to 139 items from 190 items in the first version.
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