China News Agency, Beijing, October 28 (Reporter Li Xiaoyu) China officially announced a new version of the catalogue of industries to encourage foreign investment on the 28th, taking manufacturing as the key direction to encourage foreign investment, adding or expanding components, parts, equipment manufacturing and other related industries entry.
The catalogue will be implemented from January 1, 2023.
The "Catalogue of Industries Encouraged for Foreign Investment (2022 Edition)" jointly issued by China's National Development and Reform Commission and the Ministry of Commerce has a net increase of 239 articles and 167 amendments compared with the 2020 edition.
Officials said that this revision further expanded the scope of encouraging foreign investment on the basis of maintaining the basic stability of the existing incentive policies.
In terms of manufacturing, the new catalogue adds or modifies new technologies for forestry biomass energy, development, production and application of new products, development and production of consumables related to pharmaceutical manufacturing, production of high-tech non-ferrous metal materials and their products, and high-performance photoresists Development, Production, Glow Discharge Mass Spectrometer Development, Production, etc.
In terms of the service industry, the new version of the catalog will focus on promoting the integrated development of the service industry and manufacturing industry, adding or modifying advanced system integration technologies and services for low-carbon, environmental-friendly, green, energy-saving and water-saving, professional design services, vocational colleges, human resources services, Items such as cleaner production evaluation certification and audit.
In terms of layout, the new catalogue focuses on guiding foreign capital to invest in advantageous industries in the central, western and northeastern regions.
According to the relevant person in charge of the Ministry of Commerce of China, foreign investment in the industries listed in the encouraged catalogue can mainly enjoy three preferential policies: importing equipment for self-use within the total investment amount, except for products that are not exempted by the state regulations, exempt from customs duties; encouragement for intensive land use Class industrial projects are given priority to supply land, and the floor price can be determined at a rate not lower than 70% of the national minimum price for industrial land assignment; investing in the western region and Hainan Province can be further reduced by 15% tax rate for enterprises income tax.
The person in charge said that the next step will be to improve supporting measures to ensure that foreign-funded enterprises that can enjoy the policy should enjoy it.
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