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The Chinese government's new negative list for foreign investment is now in effect opening up more industries to capital from overseas. The new version that took effect on July 28th removes restrictions for a number of sectors such as finance transportation resources and agriculture. The negative list was reduced by about two-thirds in 2017 and became a national policy in the same year. The 2018 list allows majority foreign ownership in financial institutions and automobile producers. In addition the National Development Reform Commission will also have its own list for free trade zones. The free trade zone negative list is even more liberal than the one that applies to the rest of the country.
