Meaning Beijing: Beijing and Opening

meaning beijing: We can say that Beijing has the shortest negative list in terms of expanding opening of the services sector, Yin Yong, vice mayor of Beijing, told a press briefing on Wednesday, noting there are several opening measures that have only been approved for implementation in Beijing, according to Global Times China. Under the pilot program, which is planned for the next three years, Beijing is allowed to use a negative list that is reserved only for free trade areas and designates significantly fewer sectors as off limits to foreign investors, according to Yin. The capital city has been designated by the State Council, China's cabinet, as a test ground for the country's long-term goal of opening up services, meaning Beijing has much more leeway in offering greater access for foreign firms. Specifically, Beijing will implement 14 different measures to ensure further opening of services in six areas such as technology, financial, cultural and entertainment and health care, Yin said, noting four of the measures are only approved for implementation in Beijing. All these measures will make it much easier for foreign capital to enter the services sector with lower requirements, fewer restrictions and broader access, Yin said. For instance, foreign investors will be allowed to set up investment management businesses in Beijing, and registration for foreign-made medical equipment in Beijing will also be valid in North China's Hebei Province and Tianjin Municipality. (news.financializer.com). As reported in the news.