Latest News:  
Beijing   Cloudy/Overcast    0 / -6   City Forecast

People's Daily Online>>China Business

China encourages foreign investment in emerging industries

(People's Daily)

09:08, January 06, 2012

Edited and translated by People's Daily Online

With the authorization from the State Council, the National Development and Reform Commission and Ministry of Commerce recently published the “Catalogue for the Guidance of Foreign Investment Industries (Amended in 2011).” The catalogue will become effective on Jan. 30, 2012.

The new catalogue has been adjusted and changed mainly in five areas

First, the opening up has been further expanded, the encouraged items have been increased and the limited and prohibited items have been reduced. Meanwhile, the limit on the foreign investment's share proportion has been cancelled in some areas, and the number of the items with the limit on the share proportion has been reduced to 11.

Second, reconstruction and promotion of the manufacturing industry are more encouraged. In the new catalogue, new product and technical items of the textile, chemical, machine manufacturing and other industries have been added in the encouraged list.
Meanwhile, in order to encourage foreign enterprises to invest in the circular economy, the item of reclaiming and treating worn-out electrical and electronic products, electromechanical equipment and batteries has been added in the encouraged list.

To promote the healthy development of the automobile industry, the item of manufacturing the whole automobile has been deleted from the encouraged list.

【1】 【2】

Email|Print|Comments(Editor:马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. An ice and snow world

  2. Wen vows closer military exchanges with Pakistan

  3. Sports photos of 2011

  4. APF Guizhou Contingent conducts winter training

Most Popular

Opinions

  1. Pentagon plan changes game in Asia
  2. Will Japan's economy recover in 2012?
  3. It is the China naysayers who are doomed to fail
  4. Common development with neighbors
  5. Japan's case of flawed priority
  6. Move to send 'alarming signal' across Asia
  7. EU's airline carbon tax may backfire
  8. Asian countries refuse to 'take side'
  9. US uses 'hedging strategy' to deal with China's rise
  10. What is behind US 'Return-to-Asia' strategy?

What's happening in China

Anger over online railway ticket sales

  1. iPhone 4S set for debut next Friday
  2. Sinopec eyes doubling in equity crude production
  3. Harmful chemicals in most new cars
  4. Documenting the lives of the forgotten
  5. Online booking doesn’t help migrant workers

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival