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