China will continue to shorten the list of negatives for market access this year, as part of the country’s continued efforts to optimize its business environment and introduce more openness, analysts said.
The government’s intensified efforts to revise the negative list nationwide have shown the country’s strong determination to expand market access and build an efficient, fair and unified domestic market, they said, which will also help. to give new impetus to the economy and to promote high-quality development. for the long term.
The National Development and Reform Commission, China’s main economic regulator, unveiled the latest draft of the negative list for market access on Friday.
The draft list for 2021 indicates the areas where investment is prohibited or restricted; all other areas are assumed to be open. It now includes 117 articles, up from 123 in the 2020 version, according to the NDRC.
The NDRC posted the full text of the draft negative list online to solicit public opinion from October 8-14.
Pang Chaoran, a researcher at the Chinese Academy of International Trade and Economic Cooperation, said the project was part of the country’s continued efforts to continuously deepen reforms and expand openness.
Pang said that a unified negative list for market access in all regions would help China build a high-level, open and competitive market system, providing a driving force for high-quality development.
“The government’s continued efforts to shorten the negative list will help further facilitate market access in a wider range and in broader areas,” he said. “Further efforts are also needed to continuously implement the ‘one list for the whole country’ commitment and to ease market access in areas such as services and consumption. “
Citing the 14th Five-Year Plan (2021-25), Pang said that the government should also step up efforts to improve the systems and mechanisms of the distribution of factors of production in the market, promote the construction of a high market system. level and form an efficient, well-regulated, domestic market characterized by fair competition.
NDRC data shows that China unveiled and revised the negative market access list for three consecutive years, from 2018 to 2020, and the number of items on the list has been reduced by nearly a fifth .
Cui Weijie, deputy director of the Chinese Academy of International Trade and Economic Cooperation, said China’s continued efforts to improve market access are conducive to expanding openness to higher levels. and the creation of the new “dual circulation” development model, which takes the domestic market as a pillar while the domestic and foreign markets complement each other.
“Permanently reducing a negative list nationwide is essential to foster long-term, high-quality development,” Cui said. “As China moves to a new stage of high-quality development, the country must continuously deepen reforms and opening up as well as build an efficient, fair and unified domestic market.”
Executives of multinational companies also expressed confidence in the Chinese market, while praising the country’s continued efforts to improve the business environment.
Samson Khaou, executive vice president of Dassault Systèmes Asia Pacific, said the French industrial software company has focused on the Chinese market for the past decade and will increase its investment in China over the next five years.
“China represents for us a country and a market with strong growth potential.… We will accelerate the investment (in China)”, he declared.
Silver Fern Farms, New Zealand’s leading processor, distributor and exporter of meat products, is also looking to continually increase its investment in China.
Alex Wang, director of Silver Fern Farms for China, praised China’s continued efforts to improve the business environment.
“Seeing the growing growth potential of the Chinese market and the growing need of the local population for red meat, we are confident about our future growth in the Chinese market,” he said.