China considers to revise restrictions for foreign investments

Almaty. December 8. Silkroadnews – China considers to revise the country’s set of rules for foreign investment, reducing the number of restrictive measures from 93 to 62, site China.org.cn writes.

Easing regulations on work with foreign investment is part of the measures undertaken by the government on use of the “negative list” approach, which identifies sectors and businesses that are off-limits or restricted for investment.

“Negative list” approach is a common practice adopted in many countries to control foreign investment. For the first time China piloted these rules use in the Shanghai Free Trade Zone in 2013.

According to official data, in the first ten months of the current year the volume of foreign direct investment to the Chinese mainland increased by 4.2% year on year, reaching 666.3 billion yuan (about $96.8 billion).