CHINAUS EUROPEASIA 中文双语Français
Home / Macro

China's move to relax regulations in free trade zones aims to improve 'negative list': Academics

Xinhua | Updated: 2018-01-12 17:37

BEIJING - China's decision to ease regulations for foreign enterprises investing in free trade zones (FTZs) aims to improve the "negative list" approach and provide legal protection for reform and opening-up, according to two academics.

The State Council has decided to lift several restrictions or investment limitations for foreign investment in FTZs, a notice said Tuesday.

"The negative list system with its simple model, high level of transparency and simplified procedure has lowered the cost and improved efficiency for foreign companies in China," said Sun Yuanxin, deputy head of the Institute of Free Trade Zones with Shanghai University of Finance and Economics.

A negative list approach identifies sectors and businesses that are off-limits or restricted for investment.

"The negative list system has been proved to be welcomed as the number of new foreign companies and foreign investment climbed," said Professor Gong Bohua with Law School of Fudan University.

Gong said the system helped to establish a fair, transparent, and predictable business environment in FTZs, under the rule of law.

China's FTZs, which have expanded from the first in Shanghai to the current 11 across the country, are a way of testing new policies, including interest rate liberalization and fewer investment restrictions, to better integrate the economy with international practices.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US