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Legal update
China Seeks Public Comments on the Catalog of Industries for Encouraging Foreign Investment
On May 10, 2022, the National Development and Reform Commission and the Ministry of Commerce publicly solicited opinions on the "Catalog of Industries for Encouraging Foreign Investment (2022 Edition) (Draft)"(“Catalog”). The main revisions are as follows:
1.Continuing to encourage foreign investment in manufacturing. Items such as components, spare parts, and equipment manufacturing are added or expanded in the national catalog.
2.Continuing to encourage foreign investment in producer services. The National Catalog adds or expands entries for professional design, technical services and development.
3.Continuing to encourage foreign investment in the central, western and northeastern regions. The Midwest Catalog has added or expanded relevant items according to the advantages of labor force, characteristic resources and the needs of attracting investment.