G20: China promises further opening to foreign investment

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At the G-20 Leaders Summit in Osaka, Japan, Chinese president Xi Jinping proposed several measures to further open his country’s market.

According to the state-owned People’s Daily, China will: Release an updated negative list for 2019, which will further open up the agriculture, mining, manufacturing and service sectors. Six new free trade pilot zones will be established, including a new zone in Shanghai. Further lower tariffs and strive to remove nontariff trade barriers. Enact a Foreign Investment Law at the beginning of 2020 that will introduce a penalty system for IP infringement.
Remove all restrictions for sectors not included on the negative list for foreign investment. Make regional partnership agreements, accelerate the negotiation of the China-EU investment agreement and the China-Japan-South Korea free trade pact.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.