Hold onto your spreadsheets, global investors! China just announced a game-changing move to fully lift foreign investment restrictions in its manufacturing sector. Starting November 1, the updated 2024 \"negative list\" slashes barriers to zero for factories and tech hubs – a bold step that’s got markets buzzing.
The National Development and Reform Commission (NDRC) and Ministry of Commerce (MOC) revealed the streamlined list cuts total restrictions from 31 to 29, with manufacturing now completely unrestricted. This isn’t just paperwork – it’s a red carpet moment for advanced manufacturing and AI-driven industries!
\\"This unlocks opportunities for foreign capital to turbocharge China’s high-tech evolution,\\" said MOC expert Zhang Wei, noting that 37.4% of foreign investment already flows to innovation sectors. Think robotics, green energy, and smart manufacturing!
10% surge in high-tech FDI since 2017
New \"encouraged industries\" list coming soon
Cross-departmental teamwork to ensure smooth rollout
Since 2013, China’s negative list has been trimmed from 93 items to 29 – and this could be the biggest pivot yet. As one official put it: \\"It’s not just about opening doors – it’s about building better bridges.\\"
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China to lift foreign investment access restrictions in manufacturing
cgtn.com