The recent executive meeting of the State Council proposed to expand the catalogue of manufacturing industries encouraged for foreign investment in the central and western regions of China. How is the work progressing? Are there any new areas included in the latest edition of the Catalogue of Industries Encouraged for Foreign Investment?(2022-06-16)
Revising and improving the Catalogue of Industries Encouraged for Foreign Investment is an important step for China to open up wider at a high level and make most of foreign investment. Following the instructions of the CPC Central Committee and the State Council, the Ministry of Commerce and the National Development and Reform Commission have worked with relevant departments to expand the Catalogue, and canvassed public opinions on the revised Catalogue from May 10 to June 10. In this revision, we have expanded the areas encouraged for foreign investment with the purpose of moving faster to build the new development paradigm, promoting the high quality development of manufacturing, enhancing the development of the producer services industry, and facilitating the coordinated development of the central and western regions. Particularly, in the central and western regions and northeastern regions, under the instructions of the executive meeting of the State Council and in light of the competitive industries in certain provinces, we have added new or expanded existing entries related to advanced manufacturing, science and technology innovation, modern services and labor-intensive processing trade, etc. We are looking closely at the public opinions with line ministries to further improve the Catalogue so that the revised version can be published as soon as possible. Thank you.