China is sincere and serious about opening up.
On Thursday, China unveiled a new negative list for foreign investment, with the number of items down to 48 from 63 in the previous version.
The new list widens market access for foreign investment in primary, secondary and tertiary sectors, detailing 22 opening-up measures in fields, including finance, transportation, professional services, infrastructure, energy, resources, and agriculture.
This marks the latest efforts of the Chinese government to expand opening-up and invite foreign investors to join in China's economic development.