China Steps Up Push To Make Sectors Off-limits To Foreigners

By MarketWatch Pulse

Chinese authorities on Tuesday approved guidelines for adopting a list of sectors and businesses that will be off-limits for foreign investors, according to state-run Xinhua News Agency. At a meeting, presided over by Chinese President Xi Jinping, the Central Leading Group for Deepening Overall Reform decided to adopt a negative list to regulate market access and let the market play a bigger role in allocating resources, according to the report. China has previously banned foreigners from investing in certain sectors.

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