China's Revised 'Negative List' Fails to Impress Overseas Investors

(Beijing) — China's pledge to open up more restricted sectors to foreign companies has not impressed overseas investors, even though the nation's top economic planner and Commerce Ministry announced the number of blocked industries will be reduced by a third.

The National Development and Reform Commission (NDRC) and the Commerce Ministry issued on Wednesday a draft revision of the "negative list," which names those industries inaccessible to foreign companies.