China

China

Removes all access restrictions to manufacturing sector from the ‘negative list’ for foreign investment

08 Apr 2024

On 8 April 2024, some sectoral restrictions to foreign investors were abolished with the adoption of the 2024 edition of a “negative list”. The number of restricted sectors for foreign investment was reduced from 31 in the 2021 version to 29 in the latest version. The two sectors removed from the list are the publishing or printing industry, and industries such as steaming, frying, roasting, and calcining, which are common in the traditional Chinese medicine sector. The latest negative list also constitutes the first time that restrictions on foreign investment in the manufacturing sector have been completely removed. The changes enter into force on 1 November 2024.