BEIJING, July 17 (Bernama-PRNewswire) — A report from People’s Daily: In recent years, China has been steadily pushing forward the reform of its market access system, one of the fundamental systems underpinning the country’s socialist market economy. By continuously lowering market entry thresholds, increasing transparency of market rules, and creating a fairer market environment, China has fully stimulated the endogenous power and innovation vitality of various business entities.
China’s negative list system allows all types of business entities to equally enter industries, fields, and businesses that are not forbidden by the list in accordance with the law, without the requirement for further government approval.