The new and improved bible for foreign direct investment (FDI) has consolidated several traditional industry restrictions and opened up key areas for innovative growth. The Foreign Investment Industrial Guidance Catalogue (Amended in 2017) (2017 Catalogue), issued by the National Development and Reform Commission and the Ministry of Commerce on June 28, 2017, entered into force on July 28, replacing the 2015 Catalogue.
The 2017 Catalogue brings a key structural change. While the 2015 Catalogue was divided into three categories: encouraged, restricted and prohibited, the 2017 Catalogue has only two: encouraged, and the Special Administrative Measures for Foreign Investment Access (Negative List). The Negative List is further divided into the restricted and prohibited categories.
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