Ministry of Commerce: To Promote High-Level Opening Up in the 15th Five-Year Plan Period, Improve the Negative List for Cross-Border Trade in Services

On May 27, it was reported that Yan Dong, Vice Minister of Commerce, stated at a press conference held by the State Council Information Office that during the "15th Five-Year Plan" period, China will continue to firmly advance high-level opening up, focusing on cultivating new advantages in attracting foreign investment. With all restrictions on foreign investment access in China's manufacturing sector having been "zeroed out," the next step will involve further improving the negative list management system for cross-border trade in services. This will include expanding the level of autonomous opening in service sectors such as telecommunications, the internet, education, culture, and healthcare in an orderly manner, and steadily advancing pilot opening-up initiatives in value-added telecommunications, biotechnology, and wholly foreign-owned hospitals. Concurrently, support will be provided for foreign-invested service enterprises to extend their industrial value chains. The requirements for foreign investment in already opened sectors to be both "permitted to enter and permitted to operate" will be strictly implemented. Furthermore, efforts will continue to deepen the comprehensive pilot demonstration program for expanding the opening up of the national service sector. The construction of platforms such as the National Pilot Zone for Innovative Development of Trade in Services and the National Digital Trade Pilot Zone will be coordinated and advanced to achieve the goal of sharing the benefits of service sector development with foreign-invested enterprises. [This article is sourced from Ebrun Go. An automated writing robot developed by Ebrun, delivering e-commerce industry intelligence to you first through algorithms. This dog is still very young, welcome to contact run@ebrun.com or leave a message to help it grow.]