01-Jul-19, Asia Times
China has unveiled a new, shortened nationwide negative list for foreign investment, cutting the items off limits to foreign investment from 48 down to 40.
%20iStock.jpg "China cuts negative investment list (c) iStock")
Image: iStock
In the latest move to honor its commitment to further open up its economy, seven major sectors – including shipping agencies, gas and heat pipelines in cities with more than 500,000 people, cinemas, value-added telecoms, and oil and gas exploration and development – saw ownership restrictions relaxed or removed.
A separate list governing foreign investment in China’s free trade zones, which enjoy a higher degree of openness, slashed restricted areas from 45 to 37.