Negative lists shortened to encourage investment

China's new negative lists, which were shortened to introduce greater opening-up, will take effect on July 30, the country's top economic regulator said.

Negative lists identify sectors in which foreign participation is restricted. Experts said the shortened lists will help China foster high-quality growth and a better business climate for foreigners.

The National Development and Reform Commission and Ministry of Commerce, released two updated negative lists for this year on Sunday. The lists, for nationwide implementation, now comprise 40 detailed regulations for foreign investors, down from 48, while the one for free trade zones has 37 listed items, down from 45.