China to shorten negative lists and encourage more foreign investment in high-tech, modern services industries


A pedestrian wearing protect a protective mask walks along a road under surveillance cameras in Beijing, China, on Friday, March 5, 2021. China set a conservative economic growth target of above 6% for the year, well below what economists forecast, and outlined ongoing fiscal support to keep the recovery going. - Bloomberg

BEIJING, March 5 (Xinhua): China will further shorten the negative lists for foreign investment access, according to the draft outline of the 14th Five-Year Plan (2021-2025) for national economic and social development and the long-range objectives through the year 2035, which was unveiled on Friday.

China will also encourage more foreign investment in medium- and high-end manufacturing industries, high-tech industries, transformation and upgrading of traditional manufacturing industries and modern services industries, according to the draft outline of the 14th Five-Year Plan (2021-2025) for national economic and social development and the long-range objectives through the year 2035.

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