The Catalogue for the Guidance of Foreign Investment Industries (Revision 2017) was jointly issued by the National Development and Reform Commission and the Ministry of Commerce of the People’s Republic of China and came into force on July 28, 2017; while the Catalogue of Industries for Guiding Foreign Investment (Revision 2015) issued by the National Development and Reform Commission and the Ministry of Commerce on March 10, 2015 was repealed simultaneously.
The Catalogue is a crucial industrial policy tool guiding the foreign investment in China.
The encouraged foreign-invested projects can enjoy favorable policies such as duty exemption for import equipment. The encouraged foreign-invested projects of intensive land use are entitled to priority land supply. Besides, the bottom land transfer price can be no less than 70% of the lowest price standard for industrial land in China according to the grade of the land to be used by the project. The encouraged projects in the western region can enjoy corporate income tax preferential policies applied to Go-West Campaign enterprises.
The negative list of foreign investment access provides the main basis for relevant authorities’ foreign investment access administration. In accordance with the Catalogue of Investment Projects with Government Approval (Version 2016), projects are basically handled by local governments through the filing process, except for the restricted foreign investment projects which must be approved by the government, so as to effectively improve investment facilitation.
Catalogue for the Guidance of Foreign Investment Industries (Revision 2017).pdf
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