Pic: Adobe Stock Jointly issued by the NDRC and the Ministry of Commerce (MOC), the updated list, effective from November 1, 2024, reduces the number of restrictions from 31 to 29, eliminating all limitations in the manufacturing sector.
China will lift restrictions on foreign investment in the manufacturing sector with the 2024 negative list, effective from November 1, 2024. The list reduces restrictions from 31 to 29, achieving zero limitations in manufacturing. This move aims to support a higher-level open economy, as announced by the NDRC and the Ministry of Commerce.According to NDRC, the release and implementation of the 2024 negative list is a key step in establishing a higher-level open economy. The NDRC, alongside the MOC and other departments, will work to implement the system of pre-establishment national treatment plus the negative list for foreign investment access, ensuring the smooth introduction of new opening measures.
SBS Zipper News Desk (RKS)
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