China shortens negative lists for foreign investment for 5th straight year
China DailyEmployees work at the Tesla gigafactory in Shanghai, Nov 20, 2020. BEIJING - China on Monday unveiled two shortened negative lists for foreign investment, as part of efforts to further open up the economy and promote high-quality economic development. This marks the fifth consecutive year that the world's second largest economy has revised its national negative list and pilot free trade zone negative list. The number of items that are off-limits for foreign investors will be cut to 31 in the 2021 version of the national negative list from 33 in the 2020 version, according to a statement jointly released by the National Development and Reform Commission and the Ministry of Commerce. Bucking a sharp drop in global cross-border investment, China attracted $149.34 billion of foreign investment in 2020, maintaining its status as the world's second biggest recipient of foreign investment.