New rules set to raise investor confidence

New catalyst: A vehicle production factory in Huaian. China says moves to expand foreign investment in manufacturing will help improve the country’s industrial system. — Reuters

BEIJING: Multinational corporations have vowed to deepen ties with their partners in China and seize the tremendous opportunities, as the country has removed all foreign-investment restrictions in the manufacturing sector with the release of the 2024 version of the negative list for foreign-investment access.

The release of the shortened negative list indicates China’s firm determination to fulfil its commitment to further expand high-standard opening-up, and will contribute to a more favourable business environment and consolidate the confidence of foreign investors, said officials, experts and executives of foreign-funded enterprises.