China to trim negative list for foreign investment access

Updated: December 26, 2022 Source: Belt and Road Portal
fontLarger fontSmaller

This photo taken on Nov. 4, 2022 shows an evening view of the Lujiazui area in east China's Shanghai. (Xinhua/Wang Xiang)

China's Ministry of Commerce (MOC) will shorten the negative list for foreign investment access to further open up modern service sector, MOC spokesperson Shu Jueting told a regular press conference held on December 23.

In terms of optimizing investment structure, the MOC will navigate foreign investment in key areas such as advanced manufacturing, modern services, energy conservation and environmental protection, as well as sci-tech innovation. It will also improve the investment attraction capacity of the central, western and northeastern regions, according to Shu.

Regarding investment promotion and service guarantee, the ministry will strengthen regular communication with foreign enterprises and business associations, solve their problems in a timely manner, and provide greater convenience for foreign investors to engage in trade and investment in China.

With respect to business environment improvement, the MOC will focus on the salient problems reflected by foreign-funded enterprises, and work with relevant departments to issue policies and measures for ensuring the equitable participation of foreign-funded enterprises in government procurement, bidding and standard formulation.

Editor: Duan Jing