Open markets to lure foreign firms
China Dailychinadaily.com.cn| Updated :2024-09-12 China is set to unveil a new, condensed negative list for market access, and remove more barriers to entry in emerging industries, so as to pave the way for greater business participation and foster a more enabling marketplace for both domestic and overseas entities, officials and experts said. Experts said that China's ongoing efforts to refine its market access system and remove barriers showcase the country's firm determination to foster a better integration of efficient markets and competent government. Li Chunlin, deputy head of the National Development and Reform Commission, said that the commission is working with relevant departments to advance the revision of the market access negative list. China's unified market access negative list was first issued in 2018, where industries not listed on this negative list are open for all types of entities to enter on an equal basis.