Restrictions on foreign investment in China's manufacturing sector will be fully lifted with the release of the 2024 version of the negative list for foreign investment access, announced the country’s top economic planner on Sunday.
Jointly issued by the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOC), the revised negative list, effective from November 1, will reduce the number of restricted sectors from 31 to 29, marking the elimination of all restrictions in the manufacturing industry.
An NDRC official emphasized that the release and implementation of the 2024 negative list represents a significant step toward building a higher-level open economic system.
The NDRC, in cooperation with the MOC and other relevant departments and regions, will further promote the pre-establishment national treatment system alongside the negative list. They will also work to ensure the smooth and timely implementation of new opening-up measures for foreign investment access.
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