Chinese authority issued its first unified “negative list” which specifies industries where investors, domestic or foreign, state-owned or private, are either restricted or prohibited, as part of efforts to standardize market entry rules for all players.
Of the 151 sectors on the list, four are prohibited and the rest 147 requires government approval, according to an 83-page document released by the National Development and Reform Commission (NDRC), China's top economic planner, on Tuesday.
The prohibited areas include “illegal financing” and “unlawful internet activities”, according to the document. Areas that require approval include . . .
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