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2021 Int'l Bus. L.J. 55 (2021)
Should China's Negative Lists Be Taken into Account in the Context of the TRIMs Agreement?

handle is hein.journals/ibuslj2021 and id is 59 raw text is: Xiaoyang ZHANG* China; Foreign investment; Free trade areas; TRIMs CHINA'S NEW FOREIGN INVESTMENT LAW China's newly promulgated Foreign Investment Law officially came into force on 1 January 2020. This new law purports that encouraging inward investment to launch its presence in the China market will continue to be China's national policy, with respect to sticking to the committed further opening-up and dismantling a large chunk of existing market obstacles.' In this regard, foreign capital's China market entry (in the context of the new Foreign Investment Law) is to be regulated by authorities on the basis of adopting a pre- establishment national treatment mode and, more impor- tantly, by means of implementing a negative list system.2 The negative list system is not something new to many international investors. In fact, quite a lot of countries in the world have at one time or another resorted to taking advantage of such an approach, in order to steer the course of inflows of foreign capital in the direction that is supposed to dovetail with the host countries' prevailing stratagem of market opening-up as well as their priorities of industrial development and protection at different time intervals.' Since China initially started its economic reform and open- ing-up in the late 1970s, a separate regulatory framework tailor-made for foreign investors had operated, running parallel to China's domestic business regime, which is exclusively applicable to Chinese investors and business people. In such circumstances, in terms of complying with LA NOUVELLE LOI CHINOISE SUR LES INVESTISSEMENTS ETRANGERS La nouvelle loi chinoise sur les investissements 6trangers est officiellement entree en vigueur le 1 janvier 2020. Cette nouvelle loi stipule qu'encourager les investissements strangers a s'implanter sur le marche chinois continuera d'etre la politique nationale de la Chine, en ce qui concerne le respect de 1'engagement d'ouvrir davantage et de demanteler une grande partie des obstacles existants sur le marche. A cet bgard, l'entree des capitaux strangers sur le marche chinois (dans le contexte de ta nouvelle loi sur les investissements strangers) doit titre reglementee par les autorites sur la base de I'adoption dun mode de traitement national pr tabli et, plus important encore, par Ia mise en oeuvre d'un systeme de< liste negative . Le systeme de liste negative> n'est pas nouveau pour de nombreux investisseurs internationaux. En fait, un grand nombre de pays dans le monde ont, a un moment ou a un autre, eu recours a cette approche pour orienter les flux de capitaux 6trangers dans la direction qui est censee correspondre au stratageme douverture des marches des pays d'accueil ainsi qu'a leurs priorites en matiere de developpement et de protection industriels a differents intervalles de temps. Depuis que la Chine a commenc6 sa reforme 6conomique et son ouverture a la fin des annbes 70, un cadre reglementaire distinct, adapt6 aux investisseurs strangers, a fonctionne au cours des dernieres dbcennies, parallelement au regime commercial national de la Chine qui sapplique exclusivement aux investisseurs et aux hommes * Professor, Law School, Beijing Foreign Studies University. RDAI/IBLJ, N01, 2021 © 2021 Thomson Reuters and Contributors SHOULD CHINA'S NEGATIVE LISTS BE TAKEN INTO ACCOUNT IN THE CONTEXT OF THE TRIMS AGREEMENT? FAUT-IL FAIRE LE POINT SUR LES LISTES NEGATIVES DE LA CHINE DANS LE CADRE DE L'ACCORD SUR LES MIC ? 55

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