China News Service, July 31. According to the website of the Ministry of Commerce, the National Development and Reform Commission and the Ministry of Commerce issued a notice on the 31st to publicly solicit opinions on the "Catalogue of Industries Encouraging Foreign Investment (2020 Edition) (Draft for Comment)" and made amendments. Description. The main amendments include further encouraging foreign investment in the central and western regions. In accordance with the needs of expanding opening up and attracting investment in various regions, the Midwest Directory has added or expanded relevant items. Some items related to exhibitions, logistics, and e-commerce in the Midwest Directory are transferred to the National Directory.
According to the "Foreign Investment Law" and "Foreign Investment Law Implementation Regulations." According to the needs of the national economy and social development, the state formulates a catalog of industries that encourage foreign investment, listing specific industries, territories, and regions that encourage and guide foreign investors to invest. The current "Catalogue of Industries Encouraging Foreign Investment" is the 2019 edition.
On March 10 this year, the 85th Executive Meeting of the State Council requested that multiple measures be taken to stabilize foreign investment and expand the catalog of industries that encourage foreign investment so that more leading foreign investment can enjoy preferential policies such as taxation.
Since March, the National Development and Reform Commission and the Ministry of Commerce have formed the "Catalogue of Industries Encouraging Foreign Investment (2020 Edition) (Draft for Solicitation of Comments)" after extensively soliciting opinions from various localities, relevant departments, business associations, and enterprises.
The explanation stated that the overall consideration of this revision is to only increase but not decrease the items. Compared with the 2019 version, the "Catalogue of Industries Encouraging Foreign Investment (2020 Edition) (Draft for Comment)" has added 125 items and revised 76 items (mainly expanding the original items to cover the territory). Among them, the National Catalogue of Industries Encouraged by Foreign Investment (hereinafter referred to as the National Catalogue) added 56 items, and the 40 items in the Central and Western Region's Catalogue of Advantageous Foreign Investment Industries (hereinafter referred to as the Midwest Catalogue) increased by 69 items and revised 36 items.
The main revisions include three aspects. One is to further encourage foreign investment to participate in the high-quality development of manufacturing. The national catalog adds or expands items such as raw materials, parts, and end product manufacturing.
The second is to further encourage foreign investment in producer services. The national catalog adds or expands items such as research and development design, business services, modern logistics, and information services.
The third is to further encourage foreign investment in the central and western regions. In accordance with the needs of expanding opening up and attracting investment in various regions, the Midwest Directory has added or expanded relevant items. Some items related to exhibitions, logistics, and e-commerce in the Midwest Directory are transferred to the National Directory.