• About Us
  • Contact Us
  • Privacy Policy
  • Term and Conditions
Tuesday, September 2, 2025
  • Login
No Result
View All Result
Green Post
  • Home
  • News
    • National
    • Sports
    • Business
  • Lifestyle
    • Travel and Tourism
    • Style and Fashion
    • Health and Fitness
    • Entertainment
      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Hira Somroo expresses disappointment over not getting her desired role

      Actors Explaining Religion Yasra Rizvi Addresses Criticism

      “Actors Explaining Religion? Yasra Rizvi Addresses Criticism”

      Nia Sharma Admires Pakistani Actors

      Nia Sharma Admires Pakistani Actors, Calls Their Dramas Romantic and Captivating

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Obscene Question

      “Obscene Question” Controversy: Legal Pressure Mounts on Samay Raina and Ranveer Allahbadia

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’ Give to the Actress on Her Wedding?

      Shocking Revelation Maryam Nafees’ Husband Turns Out

      Shocking Revelation: Maryam Nafees’ Husband Turns Out to Be Bushra Ansari’s Former Son-in-Law

      Sanam Teri Kasam 2 Announced Will Mawra Be Part of the Film

      Sanam Teri Kasam 2 Announced: Will Mawra Be Part of the Film?

  • Technology & Innovation
    Govt allocates Rs 1 million per project to roll out AI prototypes

    Pakistan to set up AI regulatory sandboxes and national AI compute grid

    Yango Tech explores strategic collaboration with Pakistan’s Ministry of IT & Telecom

    Yango Tech explores strategic collaboration with Pakistan’s Ministry of IT & Telecom

    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    89% of parents use gadgets to entertain and occupy their children

    89% of parents use gadgets to entertain and occupy their children

    Big News About the Launch of Apple's New Device!

    Big News About the Launch of Apple’s New Device!

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Opinion & Blogs
  • Magazine
  • Today’s Newspaper
  • Our Principles
  • Home
  • News
    • National
    • Sports
    • Business
  • Lifestyle
    • Travel and Tourism
    • Style and Fashion
    • Health and Fitness
    • Entertainment
      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Farhan Akhtar’s Heartwarming Post on Daughter’s Birthday

      Hira Somroo expresses disappointment over not getting her desired role

      Actors Explaining Religion Yasra Rizvi Addresses Criticism

      “Actors Explaining Religion? Yasra Rizvi Addresses Criticism”

      Nia Sharma Admires Pakistani Actors

      Nia Sharma Admires Pakistani Actors, Calls Their Dramas Romantic and Captivating

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Hania Aamir Faces Severe Criticism Over Bold Photoshoot

      Obscene Question

      “Obscene Question” Controversy: Legal Pressure Mounts on Samay Raina and Ranveer Allahbadia

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’

      What Gift Did the Hero of Mawra’s Film ‘Sanam Teri Kasam’ Give to the Actress on Her Wedding?

      Shocking Revelation Maryam Nafees’ Husband Turns Out

      Shocking Revelation: Maryam Nafees’ Husband Turns Out to Be Bushra Ansari’s Former Son-in-Law

      Sanam Teri Kasam 2 Announced Will Mawra Be Part of the Film

      Sanam Teri Kasam 2 Announced: Will Mawra Be Part of the Film?

  • Technology & Innovation
    Govt allocates Rs 1 million per project to roll out AI prototypes

    Pakistan to set up AI regulatory sandboxes and national AI compute grid

    Yango Tech explores strategic collaboration with Pakistan’s Ministry of IT & Telecom

    Yango Tech explores strategic collaboration with Pakistan’s Ministry of IT & Telecom

    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    Hackers Intensify Crypto Scams with 83% More Attacks detected in 2024: Kaspersky report

    89% of parents use gadgets to entertain and occupy their children

    89% of parents use gadgets to entertain and occupy their children

    Big News About the Launch of Apple's New Device!

    Big News About the Launch of Apple’s New Device!

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Planet Discovered Orbiting a Star Moving Faster Than Light

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Opinion & Blogs
  • Magazine
  • Today’s Newspaper
  • Our Principles
No Result
View All Result
Green Post
No Result
View All Result
Home Opinion & Blogs

Negative list, zero-tariff treatment exemplify China’s intensified efforts in opening up

by Web Desk
December 19, 2024
in Opinion & Blogs
0
zero-tariff treatment exemplify China's intensified
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

By Ren Ping, People’s Daily

After the 20th Central Committee of the Communist Party of China (CPC) convened its third plenary session a few months ago, global observers are focusing on two landmark moves made by China as it opens its doors wider.

Zero-tariff treatment – Starting from Dec. 1, China gives all the least developed countries (LDCs) having diplomatic relations with China zero-tariff treatment for 100 percent tariff lines, becoming the first major developing country and major economy to implement such a measure.

Negative list – On Nov. 1, the new edition of China’s national negative list for foreign investment took effect, which slashed the items from 31 to 29 and removed all market access restrictions for foreign investors in the country’s manufacturing sector.

So far, China’s negative list for foreign investment has experienced eight rounds of reduction, demonstrating the country’s steady expansion of opening up. This exactly proves why the “next China” is still China, according to analysts.

In 2013, the negative list approach was first adopted in China’s inaugural pilot free trade zone (FTZ) in Shanghai, containing 190 items.

The following year saw the first reduction, which brought the number of restrictions down to 139, expanding areas of opening up while easing access requirements.

In 2015, China expanded the pilot FTZ practice to three other coastal provincial-level regions: south China’s Guangdong province, north China’s Tianjin municipality, and southeast China’s Fujian province. This year, the list witnessed further shrinkage to 122 items and was applied to all FTZs. This second round of reduction removed all restrictions in the general manufacturing sector, including agricultural product processing and alcoholic beverages.

Starting from 2016, China’s negative list for foreign investment was implemented nationwide. At the same time, China piloted the negative list for market access in four provinces and municipalities to introduce the market access negative list into its domestic economic governance.

The third reduction came in 2017, as China slashed the items on the national negative list for foreign investment to 63. Besides, the country applied the list to all its FTZs while also trimming the items on the FTZ negative list to 95. This round of reduction furthered opened sectors such as rail transportation equipment manufacturing and pharmaceutical manufacturing.

In 2018, the number of items on the national negative list was cut down to only 48, while that on the FTZ negative list was reduced to 45. In addition, the system of a negative list for market access was fully implemented nationwide in China.

The fifth and sixth reductions took place in 2019 and 2020, with the number of restrictions on the national negative list lowered to 40 and 33 respectively, and the FTZ negative list to 37 and 30 respectively, creating a more open, accessible and fair investment environment.

In 2021, there were only 31 and 27 restriction items on the national and FTZ negative lists respectively. This seventh round of reduction made all Chinese manufacturing sectors open to foreign investors in the pilot FTZs.

On Nov. 1, 2024, the new edition of the national negative list came into effect, which scrapped the two remaining manufacturing-related items on the previous list, marking the eighth reduction.

The eight rounds of reduction, addressing practical concerns and looking toward long-term development, demonstrate China’s intensified efforts and growing confidence in expanding opening-up.

The manufacturing sector was the earliest sector in China to open up to foreign investors, and is also the most competitive and closely coordinated one in terms of global industrial division of labor. The removal of all market access restrictions for foreign investors in the manufacturing sector exemplifies how China is promoting reform and development through opening up.

At the opening ceremony of the Boao Forum for Asia annual conference in 2018, Chinese President Xi Jinping announced that China would reduce as soon as possible limits on foreign investment in automobiles, ships and aircraft, automobiles in particular.

Subsequently, China has gradually lifted foreign investment limits in automobiles, starting with specialized vehicles and new energy vehicles (NEVs) in 2018, followed by commercial vehicles in 2020, and passenger vehicles in 2022. After a four-year transition period, China’s auto industry has achieved full opening-up to foreign investment.

China’s production and sales of NEVs accounted for over 60 percent of the world’s total in 2023, ranking first in the world for nine consecutive years. The rapid development of China’s NEV industry is attributed to the country’s strong commitment to reform and innovation, which allows it to effectively respond to the ever-changing dynamics of open competition.

Boasting the most complete industrial system globally, China has been the world’s top manufacturing country for 14 consecutive years, and has developed over 200 mature industrial clusters and 26 of the world’s top 100 science and technology innovation clusters.

China’s confidence in removing foreign investment restrictions in the manufacturing sector stems from the fact that the country has turned from a follower to a leader in an increasing number of scientific and technological areas.

Additionally, China has been advancing its manufacturing sector by focusing on high-end, intelligent, and green development, and is committed to promoting international cooperation, which has increased its capability to open up and driven its transition from a manufacturer of quantity to a manufacturer of quality.

In today’s world, win-win cooperation is the sure way to success in launching major initiatives that benefit all.

Benin is one of the LDCs designated by the United Nations. In September 2023, China officially granted quarantine access for Beninese pineapples. In November that year, Benin’s fresh pineapples made their debut at the sixth China International Import Expo. These “sugar bread of Africa” achieved the fastest entry into China in just two months, with an intended purchase deal reaching $60 million.

China is pursuing high-standard opening up, and unilaterally opening its doors wider to the LDCs, which is one of the eight actions for global development outlined by the country during the 19th G20 Summit held in Rio de Janeiro, Brazil.

During the summit, China also announced that from now to 2030, its imports from other developing countries are likely to top $8 trillion, which shows its commitment to sharing its development opportunities with the world.

The decision to give all the LDCs having diplomatic relations with China zero-tariff treatment demonstrates the country’s open-mindedness, broad vision, and sense of responsibility.

Reform and opening up is a historic process in which China and the world achieve development and progress together. China has always been committed to win-win cooperation, continuously creating new opportunities for global development through its modernization achievements.

Default Avatar

Web Desk

Next Post
UNESCO inscribes Spring Festival on intangible cultural

UNESCO inscribes Spring Festival on intangible cultural heritage list, promoting exchanges and mutual learning among civilizations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ayesha Omer’s New Clicks from Instagram 

Ayesha Omer’s New Clicks from Instagram 

11 months ago
heatwave

High alert issued as heatwave intensifies, temperatures may reach 50°C

1 year ago

Popular News

    Connect with us

    Category

    • Amazing
    • Business
    • E-Paper
    • Entertainment
    • Health
    • Health and Fitness
    • Lifestyle
    • National
    • News
    • Opinion
    • Opinion & Blogs
    • Pakistan
    • Politics
    • Science
    • Sports
    • Style and Fashion
    • Technology and Innovation
    • Travel and Tourism
    • World

    Useful Links

    • About
    • Our Dream
    • Submission
    • Contact Us
    • Term and Conditions
    • Privacy Policy

    About Us

    Sometimes, businesses are afraid that in-depth explanations of their products aren’t interesting enough or will sound unappealing in writing.

    • Home
    • News
    • Lifestyle
    • Technology & Innovation
    • Opinion & Blogs
    • Magazine
    • Today’s Newspaper
    • Our Principles

    The Green Post © 2024. All Rights Reserved.

    No Result
    View All Result
    • Home
    • News
      • National
      • Sports
      • Business
    • Lifestyle
      • Travel and Tourism
      • Health and Fitness
      • Style and Fashion
      • Entertainment
    • Technology and Innovation
    • Opinion & Blogs
    • Our Dream
    • Contact Us
    • What We Are and What We Do?
    • Magazine
    • Our Principles
    • Privacy Policy
    • Term and Conditions
    • Submission
    • Copyright
    • Contact Us
    • Cookies
    • About Us

    The Green Post © 2024. All Rights Reserved.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In