The catalogue identifies industries where foreign direct investment (FDI) will be welcome and treated with favourable policies. Investments in encouraged industries can usually enjoy benefits such as exemption from import duty for the import of equipment to be used by the investing company, or priority land-use rights for certain industrial projects.
The catalogue now lists a total of 1,474 items, a net increase of 239 over the 2020 edition of the catalogue. Further modifications were made to 167 items that were already included. The main changes are as follows:
Following the release of the catalogue, some of the industries that boast improved investment opportunities include healthcare (both medical devices and pharmaceuticals), sports (notably winter sports), green and low carbon technologies and vocational education (although not language and arts training schools for primary and secondary school children).
Click here to read the original notice from Mofcom.
* According to the NDRC, central and western regions include Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shanxi, Gansu, Qinghai, Ningxia, Xinjiang , Inner Mongolia and Guangxi Province.
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