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China's central and western regions further open up to foreign investment
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15:58, January 15, 2009

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The "Catalogue of Priority Industries for Foreign Investment in the Central-Western Region (revised in 2008)" released last month by China's National Development and Reform Commission and Ministry of Commerce was put into effect as of January 2009.

The new catalogue further expands the field and scope of opening-up in the central and western regions, and relaxes restrictions in order to promote the relocation of industries.

The catalogue, involving 21 provinces, autonomous regions and municipalities, has 411 articles, 126 more than the old one which was revised in 2004. It also modified 154 articles from the old catalogue.

The new catalogue covers the fields of major automobile components and parts manufacturing, the integrated development and utilization of resources with competitive advantages, value-added telecommunication operations, the development and operation of tourism resources, as well as service fields including the set up and operation of pipeline networks for urban gas, heating and water supplies and water drainage. The catalogue also covers the fields of improving ecologic environmental protection and development, such as the recovery of forests and pastures from use as farmland, the protection of natural forests, water conservation and irrigation techniques, as well as water conservation techniques for dry-land farming.

The new catalogue reflects the principle of preventing any relocation of projects and industries that are accompanied by serious environmental pollution, excessive quantities of energy consumption, high levels of material and resource consumption, as well as the transfer of backward techniques and equipment to central and western regions.

China released the Catalogue of Priority Industries for Foreign Investment in the Central-Western Region for the first time in 2000, and made its first revision in 2004.

By People's Daily Online



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