The 2024 version of the list of prohibited areas for foreign investors, jointly issued by the National Development and Reform Commission and the Ministry of Commerce and effective from November 1, reduces the number of restrictions from 31 to 29, eliminating all restrictions in the manufacturing sector.
According to the document, this decision “demonstrates China’s firm determination to continue to liberalize and facilitate investment procedures, as well as its responsibility to promote global openness and cooperation.”
The issuance and implementation of the 2024 version of the list of areas prohibited to foreign investors is an important step in building a new system for a higher-level open economy, said an official with the National Development and Reform Commission.
China also announced a set of policies to further open up its healthcare sector to foreign investors. Foreign capital will be allowed to engage in the development and application of technologies including stem cells, gene diagnosis and treatment in pilot free trade zones in Beijing, Shanghai, Guangdong and Hainan, according to a statement posted on the Ministry of Commerce website.
According to the statement, the government will also allow the establishment of wholly foreign-owned hospitals in Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen and Hainan Island, excluding public hospitals and facilities that practice traditional Chinese medicine.
The National Development and Reform Commission said the government also pledged to boost expansion and opening up of the services sector and encourage foreign investment, and that authorities were studying possible policy adjustments in this area.
Source: Agencies
#China #lifts #restrictions #foreign #investment #manufacturing #sector
2024-09-09 15:27:35
China negative list 2024
Table of Contents
China Liberalizes Foreign Investment: 2024 Version of Negative List and Healthcare Sector Opening Up
In a significant move to promote economic openness and cooperation, China has taken concrete steps to liberalize its foreign investment landscape. The 2024 version of the list of prohibited areas for foreign investors, jointly issued by the National Development and Reform Commission and the Ministry of Commerce, reduces the number of restrictions from 31 to 29, effectively eliminating all restrictions in the manufacturing sector [[2]] [[3]]. This development is a testament to China’s firm determination to continue liberalizing and facilitating investment procedures, as well as its responsibility to promote global openness and cooperation.
Elimination of Restrictions in Manufacturing Sector
The 2024 version of the negative list marks a significant milestone in China’s effort to create a more open economy. By removing all restrictions in the manufacturing sector, China is sending a strong signal to foreign investors that it is committed to creating a business-friendly environment. This move is expected to attract more foreign investment, promote economic growth, and enhance China’s competitiveness in the global economy.
New System for a Higher-Level Open Economy
The issuance and implementation of the 2024 version of the list of areas prohibited to foreign investors is an important step in building a new system for a higher-level open economy [[1]]. China is committed to creating a more open and transparent business environment, and this development is a key step in achieving that goal.
Opening Up of Healthcare Sector to Foreign Investors
In addition to liberalizing the manufacturing sector, China has also announced a set of policies to further open up its healthcare sector to foreign investors. Foreign capital will be allowed to engage in the development and application of technologies including stem cells, gene diagnosis, and treatment in pilot free trade zones in Beijing, Shanghai, Guangdong, and Hainan [[3]]. This move is expected to promote innovation and improve the quality of healthcare services in China.
Conclusion
China’s decision to liberalize its foreign investment landscape is a welcome development that is expected to have a positive impact on the global economy. By creating a more open and business-friendly environment, China is sending a strong signal to foreign investors that it is committed to promoting economic growth and cooperation. As China continues to open up its economy, it is likely to attract more foreign investment, promote innovation, and enhance its competitiveness in the global economy.
References:
[1] https://www.whitecase.com/insight-our-thinking/foreign-direct-investment-reviews-2024-china
[2] https://news.cgtn.com/news/2024-09-09/China-to-lift-foreign-investment-access-restrictions-in-manufacturing–1wKsp6w1o8U/p.html
[3] https://english.www.gov.cn/news/202409/08/content_WS66dd6238c6d0868f4e8eabad.html
China Liberalizes Foreign Investment: 2024 Version of Negative List and Healthcare Sector Opening Up
In a significant move to promote economic openness and cooperation, China has taken concrete steps to liberalize its foreign investment landscape. The 2024 version of the list of prohibited areas for foreign investors, jointly issued by the National Development and Reform Commission and the Ministry of Commerce, reduces the number of restrictions from 31 to 29, effectively eliminating all restrictions in the manufacturing sector [[2]] [[3]]. This development is a testament to China’s firm determination to continue liberalizing and facilitating investment procedures, as well as its responsibility to promote global openness and cooperation.
Elimination of Restrictions in Manufacturing Sector
The 2024 version of the negative list marks a significant milestone in China’s effort to create a more open economy. By removing all restrictions in the manufacturing sector, China is sending a strong signal to foreign investors that it is committed to creating a business-friendly environment. This move is expected to attract more foreign investment, promote economic growth, and enhance China’s competitiveness in the global economy.
New System for a Higher-Level Open Economy
The issuance and implementation of the 2024 version of the list of areas prohibited to foreign investors is an important step in building a new system for a higher-level open economy [[1]]. China is committed to creating a more open and transparent business environment, and this development is a key step in achieving that goal.
Opening Up of Healthcare Sector to Foreign Investors
In addition to liberalizing the manufacturing sector, China has also announced a set of policies to further open up its healthcare sector to foreign investors. Foreign capital will be allowed to engage in the development and application of technologies including stem cells, gene diagnosis, and treatment in pilot free trade zones in Beijing, Shanghai, Guangdong, and Hainan [[3]]. This move is expected to promote innovation and improve the quality of healthcare services in China.
Conclusion
China’s decision to liberalize its foreign investment landscape is a welcome development that is expected to have a positive impact on the global economy. By creating a more open and business-friendly environment, China is sending a strong signal to foreign investors that it is committed to promoting economic growth and cooperation. As China continues to open up its economy, it is likely to attract more foreign investment, promote innovation, and enhance its competitiveness in the global economy.
References:
[1] https://www.china-investment.it/company/?lang=en
[2] https://it.wikipedia.org/wiki/ChinaInvestmentCorporation
[3] https://www.aei.org/china-global-investment-tracker/
