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Policy

China releases revised industry catalogue encouraging foreign investment

February 02, 2019


Abstract : The National Development and Reform Commission, the Ministry of Commerce on Friday released industry catalogue that encourages foreign investment for opinions to further boost foreign investment and optimize foreign investment structure.

BEIJING, Feb. 2 (Xinhua) -- China's National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOC) on Friday jointly released industry catalogue that encourages foreign investment for soliciting public opinions to further boost foreign investment and optimize foreign investment structure, according to a report by the Xinhua-run Shanghai Securities News.

The draft includes such two parts as an industry catalogue for encouraging foreign investment nationwide as well as a foreign investment advantageous industry catalogue for central and western China regions which are both revised base upon existing catalogues.

China is expected to further relax market access for deepening opening up in sectors such as service, agriculture, mining and manufacturing, while speed up opening up in telecom, education, health care and culture sectors, said Meng Wei, spokesperson with the NDRC in a recent press conference, noting that sole proprietorship by foreign investment would be allowed in more areas.

China would keep advancing fair competition as well and foreign investment will enjoy more opportunities and achieve greater and mutually beneficial development in China, Meng said. (Edited by Niu Huizhe, [email protected])

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Keyword: foreign-investment

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