General

According to the Huacheng Import and Export Data Observation Report, the Catalogue of Industries Encouraging Foreign Investment (2022 Edition) (hereinafter referred to as the new edition of the Catalogue) was officially released on January 28, and will be implemented from January 1 next year. What has changed in the new version of the "Catalogue of Industries Encouraging Foreign Investment"?

The new edition of the Encouraged Catalogue includes the "Catalogue of Industries Encouraged by Foreign Investment in China" and the "Catalogue of Industries with Foreign Investment Advantages in Central and Western China". The national catalogue focuses on high-quality development of manufacturing industry and accelerates the promotion of technology iteration and upgrading on the basis of increasing the number of entries and optimizing the directory structure; On the basis of adjusting measures to local conditions and taking into account local resource endowments and industrial conditions, the Central and Western Catalogue has added or expanded relevant items to further optimize the regional layout of foreign investment. Huacheng Import and Export Data Observation Report.

The new edition of the Encouragement Catalogue has 1474 entries in total, with a net increase of 239 entries and 167 amendments compared with the 2020 edition. Among them, there are 519 national catalogues, 39 added and 85 revised; There are 955 catalogs in central and western China, with 200 added and 82 revised.

The Encouragement Catalogue is an important foreign investment promotion policy in China, as well as an important foreign investment industry and regional policy. Foreign investment projects that conform to the Encouragement Catalogue can enjoy preferential treatment such as taxation and land use in accordance with laws, administrative regulations or the provisions of the State Council. Huacheng's import and export data observation report.

Encouraging innovation of the new low-carbon catalogue will bring multiple benefits

The Catalogue of Industries Encouraging Foreign Investment is an important foreign investment promotion policy in China. According to the Foreign Investment Law and its implementing regulations, it uniformly lists the industries, fields and regions that encourage and guide foreign investment, and clarifies the direction of encouraging foreign investment. How will foreign-funded enterprises benefit from the implementation of the new catalogue? What kind of foreign-invested enterprises are more encouraged?

The introduction and implementation of the new version of the Encouragement Catalogue will bring multiple benefits to foreign-funded enterprises.

First of all, foreign-funded enterprises will enjoy preferential policies in a wider range of areas. For projects within the scope of the investment catalogue of foreign-funded enterprises, they can enjoy the policy support of duty-free import of equipment for their own use and preferential land supply according to law and regulations. For foreign-funded enterprises in the western region and Hainan Province that meet the conditions, they can also enjoy tax preferences.

The new edition of the Encouragement Catalogue has significantly increased the entries in high-tech, medium and high-end manufacturing and other industries, which provides an important opportunity for foreign-funded enterprises with strong R&D strength and advanced technology to achieve better development in China.

In addition, the new edition of the Encouragement Catalogue takes green, low-carbon, energy conservation and environmental protection as one of the key encouraged industries, supports foreign-funded enterprises to develop green technologies, design green products, build green factories, build green supply chains, and encourages foreign-funded enterprises to be "leaders" in energy efficiency, water efficiency, etc., which is conducive to accelerating the green and low-carbon transformation of foreign-funded enterprises.

Xia Qing, Deputy Director of the Department of Foreign Investment of the National Development and Reform Commission, said that the revision of the encouraged catalogue, closely focusing on China's economic development needs and the concerns of foreign-funded enterprises, is not only conducive to promoting the development of domestic related industries, but also conducive to attracting foreign investment. It is a policy measure of mutual benefit and win-win results, and has a positive significance in building a new development pattern. Huacheng Import and Export Data Observation Report.

Ensure that qualified foreign investment projects fully enjoy preferential policies

The relevant person in charge of the National Development and Reform Commission said in the interview that China's attitude to encourage foreign investment is clear, and China's determination to open wider to the outside world is firm. In recent years, the National Development and Reform Commission, together with the Ministry of Commerce and other departments, has repeatedly revised the Catalogue of Industries Encouraging Foreign Investment, continuously expanded the scope of foreign investment, optimized the direction of foreign investment, and promoted the high-quality development of foreign investment. Next, the National Development and Reform Commission will work with relevant departments and local governments to implement the new version of the Encouragement Catalogue, and ensure that qualified foreign-funded projects fully enjoy various preferential policies. At the same time, we should strengthen the coordination of various policies to stabilize foreign investment, implement the 15 new policies and measures focusing on manufacturing to promote the expansion of foreign investment, stabilize the stock and improve the quality, continue to promote the implementation of major foreign investment projects, and improve the quality and level of the international cycle. Huacheng's import and export data observation report.