China

China

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

06 Sep 2024

China's National Development and Reform Commission (NDRC) and Ministry of Commerce jointly issued the 2024 "negative list" for foreign investment access, as part of the country's latest efforts to promote wider opening-up to the outside world. 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.