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China to promote foreign investment growth, release new negative list
BEIJING - The State Council, China's Cabinet, has made public a series of measures to ensuring the steady growth of foreign investment, the State newsagency Xinhua reported today. China should make its foreign investment environment "more law-based, internationalized and convenient" to promote growth and raise the quality of foreign investment, according to a State Council document.
"[The country] should continue to reduce market access restrictions for foreign capital," the document said.
The State Council is to release nationwide a negative list for foreign investment that has been tested in pilot free-trade zones as soon as possible, the report said. (www.webershandwick.cn (ATI).