Open markets to lure foreign firms

Reduced entry barriers to foster more enabling landscape for overseas and domestic entities

China is set to unveil a new, condensed negative list for market access, and remove more barriers to entry in emerging industries, so as to pave the way for greater business participation and foster a more enabling marketplace for both domestic and overseas entities, officials and experts said.

The move follows China's release of a guideline in late August aimed at enhancing the market access system, demonstrating how the world's second-largest economy is enacting the reforms outlined in the resolution endorsed during the third plenary session of the 20th Central Committee of the Communist Party of China in July.

Experts said that China's ongoing efforts to refine its market access system and remove barriers showcase the country's firm determination to foster a better integration of efficient markets and competent government. This approach is expected to further stimulate market vitality, nurture new high-quality productive forces and promote long-term growth.