China releases nationwide ‘negative list’ in show of openness, but will it make any difference?
2018-12-26 10:24:19 source：South China Morning Post
December 26, 2018
Beijing on Tuesday sought to demonstrate its willingness to open up its markets with the publication of its first unified “negative list” of the business sectors that are off limits to foreign, and in some cases domestic, investors.
China’s top economic planning agency, the National Development and Reform Commission (NDRC), which compiled the document in cooperation with the Ministry of Commerce, said it applied across the mainland and overrode all related local government regulations.
The list comes as Beijing is facing an uphill battle to maintain economic growth amid its trade war with the United States and growing concerns among domestic private sector businesses that the Communist Party is leaving them to flounder in favour of propping up the state sector.
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