Beijing to facilitate cross-border trade in services

BEIJING: China will introduce a nationwide negative list for cross-border trade in services to create more market access for global companies, officials say.

The nation has reduced the industries covered by a negative list for foreign investment for five consecutive years. The off-limit items for foreign investors were cut to 31 in the 2021 version of the negative list from 33 in the 2020 version, while the 2021 negative list for foreign investment in industries under pilot free-trade zones was reduced to 27 from 30.