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Economy

Implementation of negative list system completed

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2018-12-25 11:14:33chinadaily.com.cn Editor : Li Yan ECNS App Download

The National Development and Reform Commission and the Ministry of Commerce jointly released the Negative List of Market Access (2018 edition) on Dec 25, marking the full implementation of the negative list system of market access in China, Xinhua reported.

All types of market entities may enter industries, fields and businesses other than those listed on the list on an equal footing in accordance with the law, so as to achieve "entry without prohibition," according to the authorities.

The list includes two categories, namely the "prohibited access" and "permitted access," with 151 items in total, 177 items less than the previous pilot version. The list will also be adjusted for future situations, said the government.

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