China Shortens ‘Negative List’ to Further Opening and Mitigate Epidemic Impact
12 March 2020
The State Council stressed at its executive meeting on 10 March that efforts must be intensified to shorten the negative list on foreign investment and expand the catalogue of industries where foreign investment is encouraged, so that foreign investors in more sectors get to benefit from the tax and other incentives. Every effort will be made to publish a negative list on foreign investment earlier this year than in past years to demonstrate China’s determination and confidence in further opening-up.
The meeting also stressed that making sound preparations for the China Import and Export Fair (Canton Fair) this spring is an important measure for keeping foreign trade and foreign investment stable. The departments concerned are told to prepare with best endeavours for the Canton Fair to bolster co-operation on foreign trade while observing changes in the epidemic situation at home and abroad. The meeting also decided that recent tax and fee relief policies designed to help companies in difficulty should equally apply to both domestic and foreign-invested enterprises.
Source: State Council
- Mainland China