Expands list of manufacturing sectors open to foreign investment
25 Oct 2022
On 25 October 2022, the National Development and Reform Commission (NDRC) issued the 2022 list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors. The new list expands the number of manufacturing activities open to investment from 480 to 519. Air ground support equipment and key components related to autonomous driving were added to the list. Foreign investment will also be encouraged in advanced manufacturing, energy saving and environmental protection sectors in China's central, western and northeastern regions. Foreign companies are encouraged to set up R&D centers in China and participate in the country's frontier manufacturing activities, as well as the construction of advanced manufacturing industrial clusters. Further measures will be taken to facilitate border entry and exit of senior executives and technicians from foreign companies and their family members, on the premise of effective COVID-19 pandemic prevention and control measures. The 2020 list will be replaced by the newly announced version from January 1, 2023.
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Type:
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Entry and establishment (Ownership and control)
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Treatment and operation (Immigration regulations)
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Industry:
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Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c., Manufacture of transport equipment, Other manufacturing)
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Manufacturing (Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c., Manufacture of transport equipment, Other manufacturing)
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Sources:
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Government of China, China unveils measures to promote manufacturing-focused foreign investment, http://english.scio.gov.cn/pressroom/2022-10/25/content_78485283.htm, 25 Oct 2022
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channelnewsasia, China expands list of sectors for foreign investment, focusing on manufacturing, https://www.channelnewsasia.com/business/china-expands-list-sectors-foreign-investment-focusing-manufacturing-3030601, 28 Oct 2022
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reuters, China to promote foreign investment in manufacturing, https://www.reuters.com/world/china/china-promote-foreign-investment-manufacturing-2022-10-25/, 25 Oct 2022
