On September 9, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) jointly released the Special Administrative Measures (Negative List) for Foreign Investment Access (2024 Edition) (the "Negative List"), effective from November 11, 2024.

Compared with the 2021 edition, the 2024 Negative List removes the only two remaining restrictions in the manufacturing sector: (1) "publication and printing enterprises must be controlled by Chinese party"; and (2) "prohibiting the investment in the application of traditional Chinese medicine processing techniques (such as steaming, stir-frying, roasting, and calcining), and the production of secret formula of Chinese patent medicines". Upon these revisions, the number of restrictive measures in the Negative List has been reduced from 31 to 29, and foreign investment access restrictions in the manufacturing sector have been fully lifted.

(Source: National Development and Reform Commission)