China to Roll Out Nationwide 'Negative List' by Oct. 1

(Beijing) – China will adopt a nationwide "negative list", which identifies industries that are closed to overseas investors, on Oct. 1, following a three-year pilot project in the Shanghai Free Trade Zone.

Currently, local governments can prevent or limit investments in sectors that have not been specifically cleared. The list aims to relax restrictions for foreign investors and open-up markets further, the State Council, China's cabinet, said on Monday.