Consultations closed at the end of April on a redraft of the Foreign Investment Industrial Guidance Catalogue. The catalogue, first introduced in 1995, is issued jointly by the National Development and Reform Commission and the Minisotry of Commerce. It divides industries and sectors into those in which foreign investment is “encouraged”, “restricted” and “prohibited”, and has been revised and updated four times since its launch.
The proposed changes largely reflect the industrial and developmental priorities recently outlined in the 12th five-year plan.
New categories in which foreign investment is proposed to be encouraged include:
- new energy projects, including high-technology battery manufacturing;
- the construction and operation of electric vehicle charging stations and battery-changing stations;
- high-technology glass and optics products;
- venture capital enterprises;
- intellectual property services; and
- vocational training.
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