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Foreign investment access is relaxed again: the negative list is reduced, and the catalogue is encouraged to increase.
Source: | Author:pro44a8b7 | Publish time: 2019-06-27 | 37 Views | Share:
Foreign investment access is relaxed again: the negative list is reduced, and the catalogue is encouraged to increase.
On June 30, the National Development and Reform Commission and the Ministry of Commerce issued the Special Management Measures for Foreign Investment Access (Negative List) (2019 edition) and the Special Management Measures for Foreign Investment Access in the Free Trade Zone (Negative List) (2019 edition) And "Encourage Foreign Investment Industrial Catalogue (2019 Edition)" (hereinafter referred to as the 2019 edition of the encouraged catalogue).


"The 'list' and 'catalog' are released at the same time, which is conducive to attracting high-quality capital and high-quality talents from relevant industries to enter China, injecting more power into the high-quality development of China's economy, and promoting China and its partners to jointly build a high-level international cooperation division. The pattern also highlights China’s determination to adhere to the concept of trade and investment liberalization and promote the deepening of globalization. It has a very significant positive effect on global cross-border direct investment,” said Ye Fujing, director of the Institute of Foreign Economics of the China Institute of Macroeconomic Research. .


Negative list is getting shorter


In recent years, China has implemented a new round of high-level opening up and promoted the formation of a new pattern of comprehensive opening up. The list of negative foreign investment approvals has been revised several times. The restrictions imposed by the 2018 edition have been reduced by about 3/4 compared with the 2011 edition. The manufacturing industry has basically been liberalized, and the service industry and other fields have also been promoted in an orderly manner.


"Currently, although economic globalization faces obstacles of unilateralism and protectionism, and cross-border investment is affected by trade frictions, China's adherence to expanding the direction of opening up will remain unwavering and will continue to promote market access. This is not only the need to promote international cooperation. It is also the need of our own development," said the responsible person of the National Development and Reform Commission.


According to the requirements of “only subtraction, no addition”, the negative list of foreign investment access in 2019 further shortened the length of the list and introduced a number of open measures. Among them, the number of negative entry list of foreign investment in the country was reduced from 48 to 40, and the reduction ratio was 16.7%. The number of negative entry list for foreign investment in the Pilot Free Trade Zone was reduced from 45 to 37, and the reduction ratio was 17.8%.


"After one year, we will revisit the negative list of foreign investment, fully demonstrating our country's determination to unswervingly expand its opening up." The relevant person in charge of the National Development and Reform Commission said that China's market is huge, economic and social stability, complete industrial facilities, and complete infrastructure. Rich in human resources, with the deepening of opening up to the outside world, it will create more development opportunities for investors from all over the world.


According to reports, the main changes in the 2019 version of the list of foreign investment access are reflected in three aspects.


First, promote the opening up of the service industry, including transportation, infrastructure, cultural fields, value-added telecommunications and other fields.


Second, relax the access to agriculture, mining, and manufacturing.


Finally, continue to play the role of opening the “test field” in the Pilot Free Trade Zone. The opening measures of the performance brokerage institutions and oil and gas exploration and development pilots of the 2018 edition of the Pilot Free Zone for foreign investment in the Pilot Free Trade Zone were pushed to the whole country. On the basis of the national opening measures, the negative list of foreign investment in the 2019 edition of the Pilot Free Trade Zone has eliminated restrictions on foreign investment in the fields of fishery fishing and publication printing, and continues to expand and open the pilot.
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