Reports from China's Ministry of Commerce or international trade publications

China's 2024 Negative List Opens Manufacturing, Healthcare to Foreign Investment from November 1

Sep 8, 2024, 08:45 AM

China's State Council has approved the 2024 Negative List, which removes restrictions on manufacturing and further opens up the telecommunications, education, and healthcare sectors to foreign investment. This marks the first update to the list since 2021. The new policies, announced on Sunday by the Ministry of Commerce, will allow wholly foreign-owned hospitals in major cities like Beijing and Shanghai, and will fully open the manufacturing sector to foreign investments starting November 1. These measures are part of China's broader efforts to promote economic opening and attract overseas capital to revive its economy.