China
China Unveils Draft Catalogue to Promote Foreign Investment
The 2024 Draft FI Encouraged Catalogue features a national and regional sub-catalogue, highlighting industries favorable for foreign direct investment in China. It expands incentives in sectors like medical devices, batteries, new energy vehicles, pet care, elderly care, and cultural tourism.
Similar to the previous version, the Draft FI Encouraged Catalogue includes two sub-catalogues – one covers the entire country (“national catalogue”) and one covers the central, western, and northeastern regions (“regional catalogue”).
Together, the FI encouraged catalogue identifies industries where foreign direct investment (FDI) will be welcome and treated with favorable policies in China.
The lengthening of the catalogue demonstrates China’s firm standing on economic opening-up and the fact that more investment fields will favor foreign investors.
Overall, the revision of the 2024 Draft Foreign Investment (FI) Encouraged Catalogue focuses on:
In specific sectors, the new Encouraged Catalogue introduces or refines incentives for areas like medical devices, batteries, new energy vehicles, pet care, elderly care, and cultural tourism, which are worth noting.
| This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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