China’s National Development and Reform Commission (NDRC) and the Ministry of Commerce on Sunday jointly released a revised catalogue of industries that encourage foreign investment.<\/p>\n\n\n\n
The catalogue includes an industry catalogue for encouraging foreign investment nationwide and a catalogue of advantageous industries for foreign investment in the country’s central, western and northeastern regions.<\/p>\n\n\n\n
It is expected to give better play to the positive role of foreign investment in China’s industrial development, technological progress and structural optimization, said an official with the NDRC.<\/p>\n\n\n\n
The number of listed sectors where foreign investment is encouraged see marked rise. Compared with the 2017 version, the new catalogue for encouraging foreign investment nationwide has 67 newly-added items and 45 modified items, while the catalogue of advantageous industries in central, western and northeastern regions has introduced 54 new items.<\/p>\n\n\n\n
Over 80 percent of the newly-added or revised items of the nationwide catalogue point to the manufacturing industry. Foreign investment is more encouraged in sectors such as high-end manufacturing, intelligent manufacturing, and green manufacturing.<\/p>\n\n\n\n
New items have been added to encourage foreign investment in 5G core components, etching machines for integrated circuits, chip packaging equipment, and cloud computing equipment.<\/p>\n\n\n\n
Besides, new entries have been added for artificial intelligence, clean production, carbon capture and recycling.<\/p>\n\n\n\n
The catalogue for the central and western regions further adds labor-intensive as well as advanced and applicable technology industries and supporting facilities, giving to the regions greater support to their embracing of industrial transfer of foreign-funded businesses.<\/p>\n\n\n\n
China attracted a record high foreign direct investment (FDI) of 138.3 billion U.S. dollars last year, bucking a global trend of FDI slide. In the first five months of this year, the country saw an FDI inflow of 54.6 billion dollars, up 3.7 percent year on year.<\/p>\n\n\n\n
Source: Xinhua 2019-06-30 <\/p>\n","protected":false},"excerpt":{"rendered":"
China’s National Development and Reform Commission (NDRC) and the Ministry of Commerce on Sunday jointly released a revised catalogue of industries that encourage foreign investment. The catalogue includes an industry catalogue for encouraging foreign investment<\/p>\n