以更大开放诚意迎接全球资本，百瑞赢解读新版鼓励目录

Core Viewpoint - The release of the "Encouraging Foreign Investment Industry Catalog (2025 Edition)" marks a significant step in China's efforts to expand high-level openness and attract foreign investment, with a clear blueprint for future industrial upgrades and regional coordinated development [1][4]. Summary by Relevant Sections Expansion and Optimization - The new catalog has increased the total number of entries by 205, reaching 1,679, with over 300 entries modified compared to the 2022 version [1][3]. - The nationwide "Encouraging Catalog" has added 100 new entries, while the "Advantage Industry Catalog" for specific regions has increased by 105 entries, reflecting a systematic response to the demands of China's economic development [1][3]. Industry Focus - The core direction of the revision emphasizes two dimensions: promoting industries towards mid-to-high-end and facilitating regional coordinated development [3]. - In the manufacturing sector, new areas of encouragement include nucleic acid drug development, zero-magnetic medical equipment, smart detection instruments, and underwater operation robots [3]. - In the service sector, the catalog has expanded to include modern high-end shipping, virtual power plant operations, pet medical services, sports tourism, and camping accommodation design, indicating a comprehensive approach to enhancing supply chains and meeting diverse high-quality living demands [3]. Regional Customization - The catalog tailors encouragement based on local characteristics, such as ice and snow equipment in Heilongjiang, computing power infrastructure in Guizhou, and wind power operation in Qinghai, showcasing the intent to guide foreign investment in China's internal gradient development [3]. Supporting Policies - To enhance the attractiveness of the new catalog, several supportive policies are outlined, including exemptions from import tariffs on self-used equipment, land transfer price discounts for intensive land use projects, and a reduced corporate income tax rate of 15% for investments in western regions and Hainan Province [4]. - These tangible benefits, combined with measures from the National Development and Reform Commission to support major foreign investment projects and create investment cooperation platforms, form a robust policy framework aimed at attracting and retaining foreign investment [4]. Strategic Implications - The release of the catalog transcends mere policy updates, representing China's proactive approach to shaping new advantages for attracting foreign investment and creating a transparent, stable, and predictable institutional environment [4]. - It signals to the world that China's doors for openness will continue to widen, offering multinational companies a broad platform to share in China's development opportunities with an optimized industrial structure and regional layout [4].