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China Drafts 2022 Catalogue of Encouraged Industries for Foreign Investment

Mon, 20 Jun 2022
Categories: China Legal Trends

On 10 May 2022, the National Development and Reform Commission and the Ministry of Commerce released the draft “Catalogue of Encouraged Industries for Foreign Investment (2022)” (《鼓励外商投资产业目录(2022年版)(征求意见稿)》, hereinafter referred to as the “2022 Catalogue”)  for public opinion through 10 Jun. 2022.

The Catalogue lists out specific industries, fields, and regions where foreign direct investment (FDI) will be welcome and treated with favorable policies.

Compared with the 2020 version, the 2022 Catalogue adds 238 items, revises114 items, and deletes 38 items.

Here are some major revisions.

First, the 2022 Catalogue continues to encourage foreign investment in manufacturing: The national catalogue adds or expands items regarding components, parts, and equipment manufacturing.

Second, the 2022 Catalogue continues to encourage foreign investment in productive services. The national catalogue adds or expands items concerning professional design, technical services, and development.

Third, the 2022 Catalogue continues to o encourage foreign investment in the central, western, and northeastern regions. The sub-catalogues that cover the central and western regions are also updated in line with their local strengths in labor and unique resources, as well as local investment needs.

 

 

Cover Photo by Yufeng Fei on Unsplash

Contributors: CJO Staff Contributors Team

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