China’s 2020 Amended Negative List China’s ‘Negative List’ is a detailed description of which industrial and service sectors in China are open, partially open, or closed to foreign investors in China. The ‘Negative’ title reflects the off-limits sectors. The 2020 amendment significantly increases market access for foreign companies in China. We can see an example of the impact that has had in the following graphic concerning Germany, courtesy of China Investment Research and the Frankfurt School of Finance & Management. Change Two: Foreign investors have significantly improved China’s market access. While the EU may not wish to acknowledge this, that is largely in part because they are attempting to negotiate a free trade deal with China, and they do not wish to note that China already provided improved terms. Hence, the difference in EU negotiators stance that “more must the done to open up the China market” and Germany’s own corporate investors who have gone ahead anyway because the Negative List improved.