Ownership Restrictions and Investment

list: Seven major sectors, including shipping agencies, gas and heat pipelines in cities with more than 500,000 people, cinemas, value-added telecoms, and oil and gas exploration and development, saw ownership restrictions relaxed or removed, according to Global Times China. Jointly released by the National Development and Reform Commission NDRC and the Ministry of Commerce the new negative list will become effective on July 30. Photo VCG China unveiled a new, shortened nationwide negative list for foreign investment on Sunday, cutting the items off limits to foreign investment from 48 down to 40, in the latest move to honor its commitment to further open up its economy. The newly released negative list and foreign investment catalogue show the country's firm determination to further open up its vast market at its own pace, and offer dividends from its economic growth to the world, Chinese analysts noted. The NDRC also vowed to scrap all remaining restrictions outside the negative list before the end of the year. A separate list governing foreign investment in China's free trade zones, which enjoy a higher degree of openness, slashed restricted areas from 45 to 37. (news.financializer.com). As reported in the news.