Catalogue of Industries for Encouraging Foreign Investment (2025 Edition) Officially Released

On December 15, 2025, upon approval by the State Council, the National Development and Reform Commission and the Ministry of Commerce released the Catalogue of Industries for Encouraging Foreign Investment (2025 Edition) (the “2025 Catalogue”), which will take effect on February 1, 2026.

The 2025 Catalogue contains a total of 1,679 items, representing a net increase of 205 items and revisions to 303 items compared with the 2022 Edition. In the Nationwide Catalogue, new additions include nucleic acid-based drugs, intelligent testing equipment, and virtual power plant operations; in the services sector, new additions include pet hospitals, sports tourism, and Internet+ medical and health services. In the Regional Catalogue, new additions include cruise tourism, ice and snow equipment, computing power infrastructure software and hardware, and wind farm operations, etc. Foreign investment in encouraged fields may enjoy policies such as tariff exemptions for imported equipment, priority land supply with price preferences, a 15% enterprise income tax rate for enterprises in Western China and Hainan, and tax credits for reinvestment of profits.