China shortens negative list for foreign investment, opens more sectors to overseas investors

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China will allow foreign investors to invest in more sectors, in a further to open up its economy to the world amid the impact of the coronavirus pandemic and the escalating tensions with the United States.

The National Development and Reform Commission (NDRC), the country's top economic planner, on Wednesday published the 2020 negative list for foreign investment, reducing the number of items on the list to 33 from 40 the previous year, effective on July 23.

The number of items on the negative list for piloted free trade zones (FTZs) has been reduced . . .

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