National Development and Reform Commission (NDRC) : The 2022 version of the Catalogue of Industries to Encourage Foreign Investment will further expand the scope of encouragement
The National Development and Reform Commission (NDRC) held a press conference on September 29 to introduce the work of deepening reform and opening up. When talking about the key work to attract foreign investment in the future, Xia Qing, deputy director of the Department of Foreign Investment of the National Development and Reform Commission, said that in the next step, we will thoroughly implement the decisions and arrangements of the CPC Central Committee and The State Council, and work with all departments and localities to effectively implement various policies and measures to stabilize foreign investment.
First, we accelerated the introduction of the 2022 edition of the Catalogue of Industries to Encourage Foreign Investment. The new Catalogue will further expand the scope of encouragement and guide foreign investment in key areas such as manufacturing and producer services, as well as the central and western regions and northeast China.
Second, we introduced a special policy to attract investment in the manufacturing sector. In the near future, we will issue policies and measures focusing on the manufacturing sector to increase the volume, stabilize the stock and improve the quality of foreign investment. We will strengthen investment services, improve the quality of investment and increase the inflow of foreign investment in the manufacturing sector.
Third, we will push ahead with the implementation of major foreign-funded projects. We will further improve the special class mechanism for major foreign-funded projects, accelerate the implementation of the first five major landmark foreign-funded projects, and launch the sixth batch of major foreign-funded projects with a leading role in the timely implementation.
Fourth, we will strengthen services for foreign investment. A series of activities on international industrial investment and cooperation will be organized in an appropriate way to build a platform for investment by multinational corporations and investment attraction by local governments. We will continue to clear up restrictions on foreign investment that are not on the negative list, strengthen intellectual property rights protection, and ensure that foreign companies are equally applied to all policies and effectively enjoy national treatment.
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