Negative list is a management model of foreign investment established in China and legalized by the Foreign Investment Law of the People's Republic of China, which comes into effect on January 1, 2020. It refers to special administrative measures for the access of foreign investment in certain industries or areas. The Chinese government gives national treatment to foreign investment beyond the negative list, which is issued by or upon approval by China's central government, the State Council. [1] Industries not on the list are open for investment to all businesses and will not require pre-approval by the Chinese government. [2] The first trial version of the negative list was issued in 2016 in four provincial regions with pilot free trade zones [3] (FTZs). It was extended to another 11 provinces and cities in 2017, and a nationwide list was issued a year later. [4] On November 22, 2019, China issued its 2019 version of the unified negative list for market access. [5] It replaces the previous regime of foreign investment administration, in which the government would designate certain sectors as open before a foreign investor could participate in. [6]
The economy of Madagascar is US$9.769 billion by gross domestic product as of 2020, being a market economy and is supported by an agricultural industry and emerging tourism, textile and mining industries. Malagasy agriculture produces tropical staple crops such as rice and cassava, as well as cash crops such as vanilla and coffee.
Xiamen Special Economic Zone, established in October 1980, is one of the five special economic zones in the People's Republic of China. Originally comprising a territory of 2.5 km2 in Xiamen City, it was expanded to 131 km2 in 1984, covering the entire Xiamen Island, which comprises Huli District and Siming District excluding Gulangyu.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
A foreign direct investment (FDI) refers to purchase of an asset in another country, such that it gives direct control to the purchaser over the asset. In other words, it is an investment in the form of a controlling ownership in a business, in real estate or in productive assets such as factories in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment or foreign indirect investment by a notion of direct control.
The Ministry of Commerce (MOFCOM) is an executive department of the State Council of the People's Republic of China that is responsible for formulating policy on foreign trade, export and import regulations, foreign direct investments, consumer protection, market competition and negotiating bilateral and multilateral trade agreements. it is the 20th-ranking department of the State Council. The current minister is Wang Wentao.
The Encouraged Industry Catalogue is a document produced by the government of the People's Republic of China (PRC) and used to direct foreign investment in and international trade with mainland China. It classifies various industries into four categorised as Encouraged, Permitted, Restricted and Prohibited, which has subsequent effects on foreign firms wishing to operate in such sectors.
The China International Fair for Investment and Trade (CIFIT, simplified chinese:中国国际投资贸易洽谈会, traditional chinese:中國國際投資貿易洽談會), approved by the State Council of the People's Republic of China, takes place on September every year in Xiamen, China. Themed on Introducing FDI and Going Global, CIFIT features a focus upon nationality and internationality, upon investment negotiation and investment policy promotion, upon coordinated development of national and regional economy, and upon economic and trade exchanges across the Taiwan Strait. CIFIT is currently China's only international investment promotion event aimed at facilitating bilateral investment. It's also the largest global investment event approved by UFI.
Lou Jiwei, is a Chinese politician, and current director of the 13th CPPCC Foreign Affairs Committee. Lou was Chairman of China's National Council for Social Security Fund, Minister for Finance, Chairman of China Investment Corporation and Central Huijin Investment, Vice Minister of Finance of China and Vice-Governor of Guizhou.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2022 in PPP terms, and around 18% in nominal terms in 2022. The economy consists of state-owned enterprises (SOEs) and mixed-ownership enterprises, as well as a large domestic private sector which contribute approximately 60% of the GDP, 80% of urban employment and 90% of new jobs, the system also consist of a high degree of openness to foreign businesses. According to the annual data of major economic indicators released by the National Bureau of Statistics since 1952, China's GDP grew by an average of 6.17% per year in the 26 years from 1953 to 1978. China implemented economic reform in 1978, and from 1979 to 2023, the country's GDP growth rate grew by an average of 8.93% per year in the 45 years since its implementing economic reform. According to preliminary data released by the authorities, China's GDP in 2023 was CN¥126.06 trillion with a real increase of 5.2% from 2022.
A wholly foreign-owned enterprise is a common investment vehicle for mainland China-based business wherein foreign parties can incorporate a foreign-owned limited liability company. The unique feature of a WFOE is that involvement of a mainland Chinese investor is not required, unlike most other investment vehicles.
The National Economic and Technological Development Zones are the special areas of the People's Republic of China where foreign direct investment is encouraged. They are usually called the "Economic and Technological Development Zones" or simply the "Development Zones".
Changyi is a county-level city of Weifang, Shandong province, People's Republic of China. The city is 1627.5 square kilometers in area, with a household population of 581,000 as of 2010. The city is under the administration of the Changyi Municipal People's Government, with three neighborhoods, six towns, 691 administrative villages, and one special economic development zone. Changyi has a long history that extends back into the Spring and Autumn period.
The Labour Law of the People's Republic of China is the basic labour law of China, which has been enforced since 1995. It was promulgated by the Standing Committee of the National People's Congress of China on July 5, 1994, and came into effect on January 1, 1995.
Securities industry in China is an article on the securities industry in mainland China.
The China–South Korea Free Trade Agreement is a free trade agreement between China and South Korea signed in 2014 and active since the following year.
China–Madagascar relations refer to the bilateral relations between China and Madagascar. China and Madagascar established diplomatic relations on November 6, 1972. China has an embassy in Antananarivo and Madagascar has an embassy in Beijing.
Shanghai Free-Trade Zone, officially China (Shanghai) Pilot Free-Trade Zone, is a free-trade zone in Shanghai, China. On 22 August 2013, the State Council approved the establishment of the zone. Officially launched on 29 September 2013 with the backing of Chinese Premier Li Keqiang, it is the first free-trade zone in mainland China and covers an area of 240.2 square kilometres (92.7 sq mi). Shanghai FTZ integrates four existing bonded zones in the district of Pudong—Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.
The economy of Chongqing, China, has developed rapidly since it was separated from the Sichuan and became a centrally-administered municipality in 1997. In 2019, it was the sixth-largest Chinese city economy and ranked as China's third-largest municipal economy. In China's overall layout, Chongqing is also important for connecting China's underdeveloped western region with its more advanced eastern region, as well as promoting the economy of the mid-lower reaches of Yangtze river and the central western region.
The Foreign Investment Law is a law of the People's Republic of China governing foreign direct investment in China. The law was adopted by the National People's Congress on March 15, 2019, and came into effect on January 1, 2020. It replaces the Law of the People's Republic of China on Sino-Foreign Equity Joint Ventures, the Law of the People's Republic of China on Wholly Foreign-owned Enterprises, and the Law of the People's Republic of China on Sino-Foreign Cooperative Joint Ventures.