What new restrictions in Hainan tell us about investment in services in China

Hainan has become the first province to publish a Negative List for Cross-Border Trade in Services. While the list is far longer than the nationwide list for foreign investment, it is much more detailed and provides a useful template for further reform, writes Torsten Weller While China’s regulatory crackdown and the focus on ‘Common Prosperity’ dominated this summer’s headlines, a smaller but nonetheless significant development took place on the island…