On 1 November 2024, a new version of the nationwide negative list for foreign investment will come into force in China. Restrictions in the manufacturing sector will no longer apply.

The Chinese National Development and Reform Commission (NDRC) and the Chinese Ministry of Commerce (MOFCOM) published a new version of the so-called negative list for foreign investment on 8 September 2024.

The negative lists prohibit or restrict foreign investment in certain sectors. The fulfilment of certain conditions or requirements is required in restricted sectors.

The new nationwide list consists of 29 listed areas in eleven sectors and is therefore once again shorter than the previous version from 27 December 2021, which has been in force since 1 January 2022. This still comprises 31 points. The last two restrictions in the manufacturing sector have now been removed (previously section 3, points 6 and 7): the requirement for the Chinese party to control publication printing and the ban on investment in the use of processing technologies in the field of traditional Chinese medicine.

On 1 November 2024, the new nationwide negative list will replace the previous version.

In addition, foreign investors must continue to observe the market access negative list.

 

Source: German Trade and Invest