China is beefing up efforts to introduce a negative list to identify sectors and businesses that are off-limits for investment, which comes as part of the country’s on-going economic reforms. The State Council says such a negative list will be introduced nationwide by 2018. It says the move will play a significant role in improving market resource allocation, and developing a fair, open and market-based economy. The State Council also notes, the country will gain experience and gradually improve the list through pilot programs.