Off the wire
• China acquits 1,603 defendants in two years  • Andre Schubert takes the helm at Monchengladbach  • Full Text: Integrated Reform Plan For Promoting Ecological Progress (16)  • EU to invest in Slovenia-Hungary cross border cooperation program  • India to launch its first space observatory next week  • Kenya's Kipchoge eyes world record at Berlin marathon  • Germany sticks to balanced budget target despite refugee influx  • New mobile app to help people quit smoking in Switzerland  • Full Text: Integrated Reform Plan For Promoting Ecological Progress (10)  • Full Text: Integrated Reform Plan For Promoting Ecological Progress (14)  
You are here: 　 Home

"Negative list" to go nationwide in China in 2018

Xinhua, September 21, 2015 Adjust font size:

China has decided to make the "negative list" approach national in 2018 with the aim of streamlining government administration and giving more freedom to the market.

Opening all sectors except a proscribed few to investors will be expanded in some regions between 2015 and 2017, according to an official statement issued on Monday following the 16th Meeting of the Central Leading Group for Deepening Overall Reform held last Tuesday. A negative list will be applicable across the country in 2018.

The system has been piloted in the Shanghai Free Trade Zone since 2013.

To live up to its promise to let the market allocate resources, the government is delegating powers to enterprises and letting them decide how to run their businesses. Endi