China's National Development and Reform Commission and the Ministry of Commerce on June 30 jointly released two negative lists for foreign investment access and one catalogue of encouraged foreign investment industries.
The new policies, which will come into effect on July 30, mark China's further opening up to the outside world.
The new negative lists ease restrictions on such sectors as service, manufacturing, mining, and agriculture, while the new catalogue encourages foreign investment in manufacturing, production related services, and distinctive industries of China's central and western regions.