Foreign Investment Opportunities in China's Water Distribution Sector

Freshfields Bruckhaus Deringer

April's new Foreign Investment Industrial Guidance Catalogue (外商投资产业指导目录) (the Investment Catalogue) has reclassified many sectors of the economy and created new opportunities for foreign investment. The Investment Catalogue puts foreign investment projects under three categories, "encouraged", "restricted" and "prohibited". Importantly, it has removed the previous ban on foreign investment in urban water distribution networks.