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.