Core Viewpoint - The updated "Encouragement Directory for Foreign Investment (2025 Edition)" serves as a strong incentive for foreign enterprises to invest in China, emphasizing the need to translate policy benefits into tangible investment attractiveness through measures related to tariffs, land use, and taxation [1][12]. Summary by Sections Update of the Encouragement Directory - The "Encouragement Directory for Foreign Investment (2025 Edition)" was released by the National Development and Reform Commission and the Ministry of Commerce, set to take effect on February 1, 2026, replacing the 2022 version. The new directory includes a total of 1,679 entries, an increase of 205 entries and 303 modifications compared to the previous version, aiming to guide more foreign investment into advanced manufacturing, modern services, and high-tech sectors, particularly in central and western regions [2][4]. Directional Guidance for Foreign Investment - The updated directory reflects China's commitment to a more open investment environment, with a focus on attracting and utilizing foreign capital effectively. The reduction of restrictions in the manufacturing sector to zero and the expansion of access in telecommunications, internet, and healthcare services highlight this approach [3][4]. Focus on Advanced Manufacturing and Modern Services - The new directory emphasizes advanced manufacturing as a key area for foreign investment, including sectors such as nucleic acid drug development, smart detection equipment manufacturing, and underwater robotics. It also highlights the importance of foundational technological innovation in attracting foreign investment [7][8]. Development of Modern Service Industries - The 2025 edition includes new entries for production services, such as common technology platforms and virtual power plant operations, as well as consumer services like pet hospitals and tourism. The production service sector has seen significant growth, with its value increasing from 19.8 trillion yuan in 2016 to an estimated 41.1 trillion yuan in 2024, reflecting a compound annual growth rate of 9.5% [8][9]. Optimizing Regional Investment Layout - The updated directory aims to direct foreign investment towards central and western regions, with 1,060 entries specifically for these areas, reflecting local resource advantages. For instance, new entries include the development of ice and snow equipment in Heilongjiang and advanced intelligent machinery in Henan [10][11]. Implementation and Coordination of Policies - Experts emphasize the importance of effectively implementing the directory's policies across various sectors, including finance, market regulation, and customs, to enhance the investment environment. There is a call for tailored policies that address the specific needs of different industries, such as biopharmaceuticals [12].

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].

Core Viewpoint - The release of the "Encouragement Directory for Foreign Investment (2025 Edition)" aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and environmental protection sectors, as well as promoting investment in the central and northeastern regions of China [2][3]. Group 1: Changes in the Encouragement Directory - The new directory includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [3]. - The national directory has 619 entries, with 100 new additions and 131 modifications, while the regional directory has 1,060 entries, with 105 new additions and 172 modifications [3]. - The expansion of the directory signals a proactive approach to attract foreign investment amidst increasing global competition and protectionist measures from other countries [3][4]. Group 2: Focus Areas for Foreign Investment - The new directory encourages foreign investment in advanced manufacturing by adding or expanding entries related to end products, components, and raw materials to enhance the development of supply chains [4]. - It promotes investment in modern services, with new or expanded entries in business services, technical services, scientific research, and service consumption to foster high-quality development in the service sector [4]. - The directory also emphasizes investment in the central and northeastern regions of China, tailoring entries to local resources and industrial advantages, such as new projects in various provinces [4][5]. Group 3: Impacts on Industry Structure and Economic Growth - The revision of the directory is expected to support industrial structure upgrades and improve efficiency, responding to the rapid technological revolution and industrial transformation [5]. - It aims to attract global innovation factors and enhance international investment cooperation, benefiting both supply and demand sides of the economy [5][6]. - The directory continues to prioritize technology innovation as a key area for foreign investment, supporting advanced manufacturing and high-tech sectors to foster new productive forces [6]. Group 4: Future Directions and Implementation - The National Development and Reform Commission plans to strengthen guidance and coordination to ensure the effective implementation of the new policies [7]. - Efforts will be made to create a market-oriented, law-based, and international business environment to attract more multinational companies to invest in China [7]. - The government will expedite the launch of major foreign investment projects and address issues related to land use, environmental assessments, and energy consumption [7].

Core Viewpoint - The release of the "Encouraging Foreign Investment Industry Catalog (2025 Edition)" by the National Development and Reform Commission and the Ministry of Commerce aims to attract and utilize foreign investment more effectively, focusing on advanced manufacturing, modern services, high-tech, and energy-saving sectors, as well as promoting investment 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 consists of 619 entries, with 100 new entries and 131 modifications, while the regional catalog for central and northeastern regions includes 1,060 entries, with 105 new entries and 172 modifications [1]. Group 2: Focus Areas for Foreign 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, which supports high-quality development in the service sector [2]. - The catalog also aims to attract foreign investment to the central and northeastern regions and Hainan Province, expanding the scope of encouragement based on local resource endowments and industrial development [2]. Group 3: Government Initiatives - The National Development and Reform Commission plans to enhance guidance and coordination to ensure the implementation of policy measures, creating a market-oriented, legal, and international business environment for foreign investors [2][3]. - The government will leverage major foreign investment projects to open green channels and expedite the construction of these projects, addressing issues related to land use, environmental assessments, and energy consumption [3]. - There will be initiatives to improve foreign enterprises' satisfaction by addressing their investment and operational challenges through various channels and enhancing communication with foreign investors [3]. Group 4: Economic Implications - The revision of the catalog sends a clear signal of China's commitment to opening up further, which is expected to stabilize foreign investment expectations and confidence [2][3]. - Foreign investment is anticipated to play a more active role in stimulating domestic consumption and introducing advanced business models, thereby enhancing the availability of high-quality goods and services to meet diverse consumer demands [3].

Group 1 - The core viewpoint of the news is the release of the "Encouraging Foreign Investment Industry Catalog (2025 Edition)" by the National Development and Reform Commission and the Ministry of Commerce, which will take effect on February 1, 2026, and aims to attract more foreign investment into advanced manufacturing, modern services, high-tech, and energy-saving and environmental protection sectors, as well as in the central and northeastern regions of China [1][2] Group 2 - The new catalog has a net increase of 205 items and modifications to 303 items compared to the 2022 version, indicating a significant shift in policy to guide foreign investment [1] - The Ministry of Commerce stated that foreign investors meeting the criteria can enjoy four preferential policies, including exemption from customs duties on imported self-use equipment, priority land supply for industrial projects, a reduced corporate income tax rate of 15% in western regions and Hainan Province, and tax credit benefits for reinvested profits from domestic enterprises [4]

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 Points - The National Development and Reform Commission and the Ministry of Commerce jointly released the "Encouraged Foreign Investment Industry Catalog (2025 Edition)" which will take effect on February 1, 2026, replacing the 2022 version, reflecting China's commitment to high-level opening-up [1][2] Group 1: Focus on Advanced Manufacturing - The new catalog emphasizes advanced manufacturing, guiding foreign investment towards high-end and intelligent manufacturing sectors, including the development and production of nucleic acid drugs, zero-magnetic medical equipment, intelligent detection equipment, and key components for robots [1][2] Group 2: Modern Service Industry Development - The catalog aims to enhance the high-quality development of the productive service industry, adding items such as new materials common technology platform operations, modern high-end shipping services, and virtual power plant operations, while also addressing consumer upgrade demands by including pet hospitals, sports tourism services, and "Internet + healthcare services" [1][2] Group 3: Regional Investment Expansion - The catalog expands the encouraged investment scope based on regional endowments, adding unique items for specific provinces, such as cruise tourism services in Liaoning, ice and snow equipment R&D in Heilongjiang, and marine environment governance in Hainan, promoting balanced regional development [2][3] Group 4: Policy Incentives for Foreign Investment - Industries included in the encouraged catalog will benefit from various policy incentives, such as exemption from import duties on self-used equipment, a reduced corporate income tax rate of 15% for investments in western regions and Hainan, and tax credit benefits for foreign investors reinvesting profits in eligible sectors [3][4] Group 5: Future Initiatives for Foreign Investment - The National Development and Reform Commission plans to enhance coordination and implementation of foreign investment initiatives, focusing on expediting major foreign investment projects, addressing bottlenecks in land use, environmental assessments, and energy consumption, and providing support for foreign enterprises [4]

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].

Core Viewpoint - The National Development and Reform Commission 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 Overview - The revised directory is a significant measure to attract foreign investment, aligning with the central government's decisions to stabilize foreign investment [1]. - The new directory includes a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared to the 2022 version [1]. Group 2: Sector-Specific Changes - The directory encourages foreign investment in advanced manufacturing, with new or expanded entries related to terminal products, components, and raw materials to enhance the development of the industrial and supply chains [2]. - It promotes foreign investment in modern service industries, adding or expanding entries in business services, technical services, scientific research, and service consumption to foster high-quality development in the service sector [2]. - The directory also encourages foreign investment in the central and western regions, northeastern regions, and Hainan Province, expanding the scope of regional directories based on local resources and industrial development [2]. Group 3: Implementation Strategy - The National Development and Reform Commission and the Ministry of Commerce will strengthen guidance and coordination with relevant departments to ensure the effective implementation of the related measures [3].