Aug. 21 2024 (InvestinChina.asia) – China’s State Council announced on Monday (Aug. 19 2024) plans to further liberalize foreign investment access by implementing a negative list for cross-border services trade, according to a statement following a regular meeting chaired by Premier Li Qiang on August 19.
The council approved “The Opinion on Promoting the High-Quality Development of Service Trade through High-Level Opening-up” and “Special Administrative Measures for Foreign Investment Access (Negative List) (2024 Version).” The measures aim to fully remove restrictions on foreign investment in manufacturing and expedite opening up in sectors such as telecommunications, education, and healthcare.
In response to new developments, the government will optimize policies to attract foreign investment, promptly addressing legitimate concerns of foreign businesses. It will also introduce practical measures to improve the business environment and service support for foreign investors.