Negative lists for foreign investment shortened
China DailyBy LIU ZHIHUA| China Daily| Updated :2021-12-29 China has further downsized the 2021 negative lists for foreign investment, to expand high-level opening-up and facilitate high-quality economic development, the Ministry of Commerce and the National Development and Reform Commission said on Monday. The items restricted to foreign investors have been cut to 31 at the national level, declining by 6 percent from last year, in the newly unveiled negative lists coming into effect on Jan 1. "The wider opening-up in the manufacturing sector will attract more foreign investment, which will spur technological development and innovation in China, and it will help China achieve its national high-quality development agendas such as those on energy preservation, environmental protection, and climate commitments," he said. Moreover, the NDRC said that domestic enterprises engaged in sectors prohibited for foreign investment must obtain approval from the relevant authorities before getting listed overseas.