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China’s Foreign Investment Law and Updated Investment Negative List: New Opportunities for Foreign Investment in China | Womble Bond Dickinson
On December 27, 2021, China’s National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) printed an up-to-date Destructive Checklist for international investment in China (the “2021 Negative List”). The 2021 Adverse Listing decreases the number of limited or prohibited sectors from 33 to 31 and allows international buyers to kind wholly international-owned enterprises for motor vehicle producing, such as specific goal automobiles, new-strength vehicles, commercial autos, and passenger autos. It also removes the restriction in relationship with expense in the producing of satellite tv broadcast ground acquiring services. In addition, the 2021 Negative Checklist now requires any Chinese domestic firms in corporations prohibited by the Destructive Listing…