China announced Wednesday that it will use a "negative list" management approach for all foreign investment, open up more sectors¹ and further relax restrictions² for foreign businesses.

 

本周三，中国宣布将会对所有外国投资采用“负面清单”式管理方式，将对外国企业开放更多的领域、进一步放宽限制。

 

From July 28, the negative list approach, which identifies sectors and businesses that are off-limits or restricted, will be implemented³ nationwide, said the National Development and Reform Commission (NDRC).

 

China has piloted the approach in some areas. Under the approach, government approvals are not required for most foreign investment and only investment on the "negative list" remains⁴ subject to approval.

 

On Wednesday, the NDRC and Ministry⁵ of Commerce jointly⁶ issued a revised foreign investment catalogue, which includes the negative list as well as sectors and industries that the government wants to encourage foreign companies to invest in.

 

The new catalogue will also take effect on July 28.

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