Pruning of negative list will boost high-level opening-up
China DailyThe skyline of Beijing. China's latest negative list on foreign investment access, jointly released by the National Development and Reform Commission and the Ministry of Commerce on Sunday, has reduced the number of restrictive measures from 31 to 29. Amid the rising trend of anti-globalization sentiment, China's updating of its negative list demonstrates its commitment to cooperation with countries in an open and inclusive way. The updating of the negative list, coupled with other policies aimed at attracting foreign investment, lays a solid foundation for further deepening reform in foreign investment management systems and better leveraging foreign capital to drive high-quality development in China. This will encourage more foreign enterprises to participate in upstream and downstream supply chain collaborations within China's industry chains, thereby better serving the formation of a new development paradigm and China's modernization drive.