Ministry of Commerce Says It Will Further Shrink China’s Foreign Investment Negative List

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The Ministry of Commerce (MOFCOM) has flagged further reductions to China’s negative list of areas deemed off limits to foreign investment.

Wang Shouwen (王受文), MOFCOM vice-minister, said on 8 January that MOFCOM will continue to drive high-level opening of the Chinese economy, and further contract the foreign investment negative list.

Wang made the remarks at the 2020 Sino-Foreign Investment Expediting Institution Work Meeting (2020中外投资促进机构工作会).

According to Wang the Chinese domestic market will in future become the world’s largest domestic market, and China possesses extremely strong industrial set-up capability to provide firm cooperative foundations for foreign investment.

Wang also highlighted rising innovative capability on the Chinese market, in areas including the Internet, IT and artificial intelligence.

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