Guiding regional investment

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clpstaff &clp articles

The revised Catalogue expands opportunities for foreign investment across the country's regions and encourages some previously restricted areas of investment. But investors looking to move west need to be aware of the challenges that they face

In May 2013, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) jointly promulgated the revised Catalogue for Foreign Investment in the Dominant Industries of the Central and Western Regions (国家发展和改革委员会、商务部中西部地区外商投资优势产业目录). Effective as of June 1 2013, the Catalogue replaces the 2008 version.

Identifying priority industries

On June 16 2000, the first Catalogue was released and listed priority industries of 20 provinces (including autonomous regions and cities) located in central and western China (central-western region). To encourage foreign investment in these areas, the Catalogue provides foreign-invested projects that meet certain thresholds with preferential policies.

The Catalogue played a positive role in expanding foreign investment, enhancing investment quality and optimising industrial structure. The Catalogue has been revised in 2004 and 2008 in order to further open the central-western region, to adapt to domestic and international economic changes and to balance development of the central-western region with coastal areas in eastern China.

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