China's Ministry of Commerce is stepping up its pace of revising the three laws governing foreign investments.

The ministry is reportedly ramping up its efforts to revise laws related to easing restrictions in 10 major service sectors and the manufacturing sector, according to the Chinese-language Economic Information Daily.

The focus of the government's next move will be to tweak different regulations related to domestic and foreign investors, whereby foreign investors will no longer receive differential treatment.

The ministry plans to revise three laws, namely the Law on Sino-Foreign Equity Joint Ventures, the Law on Foreign-Capital Enterprises and the Law on Sino-Foreign Cooperative Joint Ventures.

These laws were formulated three decades ago and many of the articles in them have become outdated. The project to modify them was started in 2012 and aimed at updating the regulations to the present scenario, said officials from the ministry.

Liu Yajun, the director of the ministry's Department of Foreign Investment Administration, said that the ministry is moving in the direction of providing "pre-establishment national treatment" and a "negative list" to foreign investors. He also noted that this mode had also been adopted in the Shanghai Free Trade Zone on a trial basis, with the hope of promoting it to the entire country.