China has published its first nationwide negative list for foreign investment, in the latest move by Beijing to woo overseas investors back after years of rising labor and land costs helped drive capital elsewhere, Caixin reports. A “Negative List on Foreign Investment Access” is included in the 2017 version of the Foreign Investment Industrial Guidance Catalogue – one of the fundamental rules regulating the sector in China – that will take effect on July 28, according to a document released by the Ministry of Commerce and the National Development and Reform Commission (NDRC), the country’s top economic planning agency. The list, also called “Special Administrative Measures,” names 35 industries under a restricted category, including the raising new crop varieties, the production of seeds and the refining and separation of rare earth minerals. In addition, it tallied another 28 sectors under the prohibited category, such as air traffic control, film production and distribution, and internet news information services.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved