China has added mining cryptocurrency to its draft list of industries where investments are prohibited or restricted but it has also reduced the number of areas listed overall in a document that was released from the government planner on Friday.
“The “negative list” lists industries and sectors which are not accessible to Chinese as well as foreign investors.
Regulators in China prohibited mining and trading in cryptocurrency this year, and the central bank of China vowing to get rid of “illegal” cryptocurrency-related activities in the last month.
The crackdown on cryptocurrency has led exchanges to stop interacting to Chinese consumers.
China is also restricting public speech, cracking down on show business as a way of “polluting” societies and requesting mobile web browsers to stop spreading gossip, the use of sensationalist headlines, and the publication of content that is in violation of the fundamental values of socialism.
The state planner stated that it was stopping the investment in “non-public” capital in a wide range of publishing operations, including live broadcasts, news gathering broadcasting, editing and editing entities as well as the operation of news.
Non-public capital is not permitted to be involved in the launching of news published by overseas organisations or summits or award-selection activities in the area of news and public opinion.
The 2021 list of industries for which investment is restricted or banned has been reduced to 117 according to according to the National Development and Reform Commission announced, a reduction from the 123 listed in 2020.
Industries that aren’t on the list are available for investment to any company with no approvals needed.