Region/Countries: Asia, China Industry: Multiple Sectors Date: June 2019

Why this is important to Wisconsin businesses: China is also expected to release revised negative lists that will expand the fields open to overseas investment.

China’s 12 pilot free trade zones have attracted nearly 40,000 foreign enterprises since the first one was established in Shanghai more than five years ago. The zones have attracted 12% of the country's foreign investment inflow and generated 12% of China's imports and exports since September 2013. The country’s Ministry of Commerce said newly revised negative lists for foreign investment market access will be released by the end of June, which will expand the fields open to overseas investment.

The meeting between President Donald Trump and President Xi Jinping at the 2019 G20 summit may bring a breakthrough in the contentious bilateral trade negotiations and an opportunity to ease friction. China’s vice-minister of the State Council Information Office urged cooperation between China and the U.S.