利用外资政策迎来深化升级

Core Viewpoint - The release of the "Encouraging Foreign Investment Industry Catalog (2025 Edition)" marks a significant step towards a deeper and higher quality phase of China's foreign investment strategy, providing clear and stable policy expectations for global investors [1][4]. Group 1: Technology Innovation - The new catalog emphasizes guiding foreign investment towards technology innovation, reflecting a clear strategy to leverage foreign capital for developing new productive forces [2]. - From 2013 to 2023, the number of R&D personnel in foreign-funded industrial enterprises in China increased from 629,000 to 838,000, a growth of 33.2%, while R&D investment rose from 51.5 billion to 375.76 billion, an increase of 86.4% [2]. - The adjustments in the catalog aim to attract global innovation elements and address key gaps in the industrial chain, shifting the focus from "Made in China" to "Innovation in China" [2]. Group 2: Industrial Upgrade - The catalog promotes the deep integration of modern service industries with advanced manufacturing, addressing the demand for upgraded consumer services [2]. - New entries include operational platforms for common technologies in new materials, modern high-end shipping services, and virtual power plant operations, as well as lifestyle services like pet healthcare and sports tourism [2]. - These changes are designed to enhance service quality and introduce advanced business models, thereby better meeting the diverse needs of consumers [2]. Group 3: Regional Coordinated Development - The new catalog includes 105 regional entries, aiming to guide the gradual transfer of foreign investment and optimize the national regional opening layout [3]. - This approach seeks to reverse the previous trend of foreign investment being overly concentrated in the eastern coastal regions, with foreign investment contributing approximately 20% to China's economic growth [3]. - The revision reflects a shift in China's foreign investment strategy from relying on preferential policies to improving the investment environment and deepening institutional openness [3]. Group 4: Policy Implications - The release of the catalog sends a clear signal of China's increasing openness to the world, focusing on technology innovation, industrial upgrades, and regional coordination [4]. - The policy aims to stabilize the scale of foreign investment while optimizing its structure and enhancing its quality to better serve high-quality economic development [4]. - As policy benefits are gradually released, a more open, innovative, and shared China is expected to provide broader development opportunities for global investors [4].