A business official said on Monday that China update negative list will be released in the first half of 2019 to expand market access for foreign investors.
Vice Minister of Commerce Wang Shouwen is also a representative of China’s international trade. He said at a press conference that the ministry is working with relevant departments to further reduce negative lists and optimize the investment environment of foreign companies.
As the “Foreign Investment Law” approved by the national legislature will take effect on January 1, 2020, the Ministry is considering the development of supporting regulations and feasible rules to create a stable, transparent, predictable and fair market environment.
He said that efforts will be made to ensure the protection of the rights of foreign intellectual property owners, to prohibit compulsory technology transfer and to strengthen trade secret protection.
In addition, the Department will optimize existing mechanisms to handle complaints from foreign-invested companies in a timely and better manner.
Wang said the ministry is considering developing an industrial catalog to encourage foreign investment and promote large-scale projects.
