China has agreed to release a “negative list” of measures aimed at easing foreign investment into key Chinese sectors, the Financial Times reports, in what analysts are interpreting as another possible concession by Beijing to US pressure.
The list will be issued by the end of this month, Beijing said, days ahead of US Commerce Secretary Wilbur Ross’ arrival in the capital. Areas to be prioritised on the list include China’s energy and transportation sectors, which have already been singled out as industries where China will import more goods from the US.
The negative list was put forward as one of the US demands during trade negotiations in early May. The US is hoping to pressure China into taking down barriers in areas that are currently off-limits to foreign capital, whilst pushing for a significant reduction in the bilateral trade deficit.