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China proposes cutting items on negative list for market access

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BEIJING, Oct 8 (Reuters) – China has additional decreased the variety of sectors and industries which might be off-limits to each Chinese and overseas traders in its newest draft model of so-called negative list for market access.

The 2021 list of industries which might be both restricted or prohibited has been lower to 117, in accordance with a doc launched by the National Development and Reform Commission on Friday, in comparison with 123 sectors on the 2020 list.

Industries not on the list are open for funding to all and require no approval.

Reporting by Colin Qian in Beijing and Twinnie Siu in Hong Kong; Editing by Andrew Heavens

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