Core Viewpoint - The release of the "Encouragement Directory for Foreign Investment Industries (2025 Edition)" aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and energy-saving sectors, particularly in the central and northeastern regions of China [3][6]. Summary by Sections Background of the Revision - The revision of the 2025 edition of the "Encouragement Directory" is part of the government's strategy to enhance foreign investment, as emphasized in various national policies and reports [6][7]. Changes in the Directory - The 2025 edition includes a total of 1,679 entries, an increase of 205 from the 2022 version, with 303 modifications. The national directory has 619 entries (100 new, 131 modified), while the regional directory has 1,060 entries (105 new, 172 modified) [7][8]. Key Changes in Encouraged Sectors - The updated directory continues to prioritize advanced manufacturing, adding new categories such as the development of nucleic acid drugs, zero-magnetic medical equipment, and underwater robots for deep-sea operations [8][9]. - There is a strong emphasis on modern service industries, with new entries for high-end shipping services, virtual power plant operations, and various consumer service sectors [8][9]. Regional Focus - The directory encourages foreign investment in the central and northeastern regions by adding specific entries tailored to local resources and industrial strengths, such as cruise tourism in Liaoning and ice and snow equipment manufacturing in Heilongjiang [9][10]. Benefits for Foreign Investment - Industries listed in the "Encouragement Directory" can enjoy several benefits, including tax exemptions on imported equipment, preferential land supply, reduced corporate income tax rates in certain regions, and tax credits for reinvested profits [10]. Implementation Considerations - The Ministry of Commerce plans to promote the 2025 edition through outreach and support measures, ensuring that foreign enterprises are well-informed and can fully benefit from the directory [11].

外资服务体系持续升级 山姆在湖北建成中西部首个"一城四店"，不断释放市场"磁吸力"；瑞士百年工业巨头魏德曼 （Weidmann）在武汉投资的魏德曼电力绝缘科技（武汉）有限公司开工建设，达产后可实现年产值约3 亿元；跨国新能源企业信义新能源（襄阳）有限公司以利润再投资形式增加注册资本，展现深耕湖北的 信心。 良好的经济发展态势给足了外商投资湖北、深耕湖北的底气。2025年以来，湖北省商务系统积极应对， 做优外商外资服务，锚定目标全力稳外资。 12月24日，湖北省商务厅发布的数据显示，1至11月，湖北省实际使用外资14.31亿美元，新设外商投资 企业达599家，同比增长2.39%。 长江商报消息 ●长江商报记者 刘倩雯 开放湖北持续赢得全球资本青睐。 12月24日，湖北省商务厅发布的数据显示，2025年1至11月，全省实际使用外资 14.31亿美元，新设外商 投资企业599家，同比增长2.39%。 从行业来看，湖北利用外资呈现"多业并举、亮点突出"的特征，其中租赁和商务服务业、金融业、文化 体育和娱乐业分别实现 2.61倍、1.43倍、0.57倍的同比增长，成为拉动全省外资增长的新引擎，充分彰 显出湖北产业体系的 ...

Core Viewpoint - The newly released "Encouraging Foreign Investment Industry Catalog (2025 Edition)" aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and energy-saving industries, particularly in the central and western regions of China [1][2]. Group 1: Key Changes in the Catalog - The total number of entries in the new catalog is 1,679, which represents a net increase of 205 entries and 303 modifications compared to the 2022 version [1]. - The national catalog for encouraging foreign investment includes 619 entries, with an increase of 100 entries and 131 modifications [1]. - The catalog for advantageous foreign investment industries in the central and western regions has 1,060 entries, with an increase of 105 entries and 172 modifications [1]. Group 2: Focus Areas for Investment - The catalog encourages foreign investment in advanced manufacturing by adding or expanding entries related to end products, components, and raw materials, thereby enhancing the development level of the industrial and supply chains [2]. - It promotes foreign investment in modern services by adding or expanding entries in business services, technical services, scientific research, and service consumption, aiming for high-quality development in the service sector [2]. - The catalog also encourages foreign investment in the central and western regions, northeastern regions, and Hainan Province, taking into account local resource endowments, unique advantages, and actual industrial development [2].

Core Viewpoint - The release of the "Encouraging Foreign Investment Industry Catalog (2025 Edition)" aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and energy-saving sectors, particularly in the central and northeastern regions of China [1][2]. Group 1: Changes in the Encouraging Catalog - The new catalog includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [1]. - The national catalog for encouraging foreign investment now has 619 entries, an increase of 100 entries, while the regional catalog for central and northeastern areas has 1,060 entries, with an increase of 105 entries [1]. - Key changes include the encouragement of foreign investment in advanced manufacturing, modern services, and specific regional advantages based on local resources and industry development [1]. Group 2: Implications for Foreign Investment - The revision reflects China's commitment to high-level opening-up and aims to boost market expectations and confidence, contributing to a new development pattern and high-quality economic growth [2]. - The expanded catalog is expected to attract global innovation elements and meet the rising domestic demands in healthcare and elderly services, thereby improving public welfare and expanding domestic demand [2]. - The implementation of the 2025 catalog will begin on February 1, 2026, with the 2022 version being abolished simultaneously [2][3]. Group 3: Strategies for Attracting Foreign Investment - The government plans to enhance the satisfaction of foreign enterprises by addressing their investment-related issues and improving communication with foreign investors [3]. - A platform for investment cooperation between Chinese and foreign enterprises will be established to facilitate project negotiations and signings [3]. - The focus will be on major foreign investment projects, with efforts to streamline processes related to land use, environmental assessments, and energy consumption [3].

Core Viewpoint - The National Development and Reform Commission (NDRC) and the Ministry of Commerce have released the "Encouragement Directory for Foreign Investment Industries (2025 Edition)," effective from February 1, 2026, aimed at attracting and utilizing foreign investment more effectively [1]. Group 1: Policy Changes - The revised directory includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [1]. - The national directory for encouraging foreign investment now contains 619 entries, with an increase of 100 entries and 131 modifications [1]. - The directory for advantageous industries in the central and western regions has 1,060 entries, with an increase of 105 entries and 172 modifications [1]. Group 2: Focus Areas for Investment - The new directory encourages foreign investment in advanced manufacturing, expanding entries related to end products, components, and raw materials to enhance the development of the industrial and supply chains [2]. - It promotes foreign investment in modern services, adding entries in business services, technical services, scientific research, and service consumption to foster high-quality development in the service sector [2]. - The directory also aims to attract foreign investment to the central and western regions, Northeast China, and Hainan Province, considering local resources, advantages, and industrial development [2]. Group 3: Implementation Strategies - The NDRC plans to enhance guidance and coordination to ensure the effective implementation of these policies [2]. - Efforts will be made to improve the satisfaction of foreign enterprises through special actions to address their investment and operational challenges [3]. - A platform for investment cooperation between Chinese and foreign enterprises will be established to facilitate project negotiations and signings [3].

广开首席产业研究院首席经济学家、中国首席经济学家论坛理事长连平： 推动内外循环深度融合 2025年，站在"十四五"收官与"十五五"规划谋篇的历史衔接点上，宏观经济环境交织着机遇与挑战。时 值年末，全球经济仍在波动中寻找复苏节奏，而中国经济已在政策合力下展现出韧性底色。随着中央经 济工作会议敲定"稳中求进、提质增效"的2026年基调，"十五五"开局之年，中国经济如何平衡短期修复 与长期转型？该如何实现消费的长期可持续增长？强化"内循环"与推进"高水平对外开放"这两大战略， 又该如何协同发力？ "明年，从中央和有关部委布局的重点工作来看，一是积极扩大自主开放，二是促进外贸提质增效，三 是拓展双向投资合作空间。"连平认为，实现内循环与对外开放协同发力，需依托政策引导与市场机制 完善。一方面，全国22个自贸试验区可作为重要节点，通过开放性机制促进境内外要素、商品流动，打 通内外循环；另一方面，需加快建设全国统一大市场，破除地方保护等制约要素流动的障碍，破解"内 卷"等不利于市场发展的问题，通过针对性政策推动内外循环深度融合。 来源：北京商报 全球贸易格局重构与主要经济体政策外溢效应，仍是明年中国经济发展的重要外部变量 ...

Core Insights - China's attractiveness as a destination for foreign investment continues to rise, with a 14.7% year-on-year increase in newly established foreign-invested enterprises, totaling 54,000 in 2023 [1][3] Group 1: Foreign Investment Trends - The willingness of foreign enterprises to invest in China is increasing, driven by the country's large consumer market and robust innovation capabilities [2][3] - In the first ten months of 2025, 53,782 new foreign-invested enterprises were established, with actual foreign investment amounting to 621.93 billion yuan [4] - High-tech industries have seen significant foreign investment, with sectors like e-commerce services, medical equipment manufacturing, and aerospace manufacturing experiencing growth rates of 173.1%, 41.4%, and 40.6% respectively [4] Group 2: Policy and Environment - The Chinese government is actively promoting high-level opening-up policies, including a series of measures to stabilize and attract foreign investment [5][7] - Future efforts will focus on creating a stable and sustainable economic environment for foreign enterprises, ensuring they can achieve long-term returns on investment [7] - Recommendations include reducing the negative list for foreign investment access, expanding pilot programs in sectors like telecommunications and healthcare, and improving regulations for cross-border data flow [7]

随着高水平对外开放的持续推进，我国作为外商理想、安全、有为投资目的地的吸引力与竞争力不断提 升。在商务部12月4日召开的例行新闻发布会上，商务部新闻发言人何亚东介绍，今年以来，中国新设 立外商投资企业数量5.4万家，同比增长14.7%。 与此同时，近段时间以来，多家外企相关负责人表示，将持续扩大在华投资，深耕中国市场。 中国商业经济学会副会长宋向清在接受《证券日报》记者采访时表示，我国具有庞大的消费市场和创新 活力，始终是世界经济增长的重要推动力量，吸引外资企业持续加码。未来，随着高水平开放深入推 进，我国将为全球企业创造更多机遇，实现合作共赢。 外资在华发展意愿持续增强 外商投资是推进高水平对外开放的重要内容。近年来，我国持续做好稳外资工作，推进高水平对外开 放，加大力度吸引和利用外资。同时，中国经济的持续稳健增长也为外商投资企业的成长提供了稳定预 期。 进一步推进高水平对外开放 近年来，我国持续推进高水平对外开放，出台稳外资系列政策，打造"投资中国"品牌，加强对外资企业 服务保障，积极营造市场化、法治化、国际化一流营商环境。 今年2月份发布的《2025年稳外资行动方案》从有序扩大自主开放、提高投资促进水平 ...

Core Insights - Since the beginning of the "14th Five-Year Plan," Sichuan has attracted a total of $14.61 billion in foreign direct investment (FDI) by September, marking a 28.1% increase compared to the "13th Five-Year Plan," maintaining the leading position in the central and western regions of China [1] - The number of foreign-invested enterprises in Sichuan has reached 4,070, reflecting a growth of 34.1%, with high-tech industry FDI increasing by 54.9% and the scientific research and technical service sector soaring by 219.2% [1] - FDI from developed economies such as Japan, the US, and Europe has grown by 4.1%, while investments from countries and regions involved in the "Belt and Road" initiative have surged by 26.2%, indicating a diversified foreign investment source [1] Investment Policies and Strategies - Sichuan has actively implemented national policies to stabilize foreign investment, introducing measures such as "Ten Financial Policies" and "23 Foreign Investment Policies," which include tax incentives and support for R&D centers [1] - The province has developed the "2025 Sichuan Province Action Plan for Stabilizing Foreign Investment" to further enhance efforts in attracting foreign capital [1] Cooperation and Ecosystem Development - Sichuan promotes a dual approach of "going out" and "inviting in," conducting investment promotion activities in key countries like Germany and Saudi Arabia, and leveraging high-profile platforms such as the China International Import Expo [2] - The province focuses on building industrial ecosystems by targeting multinational corporations and key supporting enterprises, particularly in smart manufacturing, digital economy, and green low-carbon sectors [2] - Sichuan has addressed over 1,000 issues faced by enterprises and assigned service specialists to more than 200 key foreign-invested companies, continuously optimizing the investment environment [2]

Core Points - The Ministry of Commerce held a roundtable meeting with over 170 foreign enterprises and representatives from foreign business associations in China to discuss policy interpretations and address concerns [1][3] - The meeting coincided with the opening of the 20th Central Committee's Fourth Plenary Session, which aims to outline China's development blueprint for the next five years [3] - China's GDP growth rate averaged 5.5% over the first four years of the 14th Five-Year Plan, demonstrating resilience and potential in a challenging external environment, thus providing opportunities for foreign enterprises [3] Policy Developments - A new notification was issued regarding the implementation of domestic product standards in government procurement, ensuring equal access to support policies for all business entities, including foreign enterprises [3] - The Ministry of Commerce emphasized transparency and fairness in the upcoming establishment of specific product standards, inviting feedback from all stakeholders, including foreign enterprises [3] Export Control and Trade Stability - The Ministry of Commerce clarified that export controls are a responsible measure to maintain global peace and regional stability, while also ensuring compliance with international obligations [3] - The commitment to lawful trade approvals aims to stabilize global industrial and supply chains, addressing concerns from foreign enterprises regarding trade challenges [3] Foreign Enterprise Sentiment - Foreign enterprises expressed optimism about the Chinese government's commitment to expanding openness and stabilizing foreign investment, looking forward to the 15th Five-Year Plan for greater development opportunities [3] - There is a willingness among foreign enterprises to increase investments in China and deepen cooperation to support high-quality development [3]