Comments on Encouraged Foreign Investments
The National Development and Reform Commission ("NDRC") and the Ministry of Commerce ("MOFCOM") have jointly released the Catalog of Industries for Encouraged Foreign Investment (2022 Edition) (Draft for Comment) (the "Draft for Comment") to solicit public opinions by June 10, 2022.
Compared with the 2022 edition, the Draft for Comment adds 238, revises 114 (mainly expanding the scope of the previous items) and deletes 38 items. The Draft for Comment mainly proposes the following revisions: (1) Continuously encouraging foreign investment to be made in manufacturing. Such items as components, parts, and equipment manufacturing are added or expanded in the national catalog. (2) Continuously encouraging foreign investment to be made in producer services. Such items as professional design, technical service and development are added or expanded in the national catalog. (3) Continuously encouraging foreign investment to be made in central and western region and the northeast. Relevant items are added or expanded in the catalog on central and western region according to the labor force, the characteristic resources, and other advantages as well as the need for investment in each locality.