Core Viewpoint - The release of the "Encouragement Directory for Foreign Investment Industries (2025 Edition)" aims to attract more foreign investment into advanced manufacturing, modern services, and specific regions like the Midwest and Northeast of China, effective from February 1, 2026 [1][2]. 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 [2]. - 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 [2][3]. - The expansion of the directory is seen as a proactive measure to enhance China's openness and respond to global competition for foreign investment [2]. Group 2: Focus Areas for Foreign Investment - The new directory encourages foreign investment in advanced manufacturing, with new or expanded entries related to end products, components, and raw materials to enhance the development of supply chains [3][4]. - It also 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 [3]. - The directory aims to attract foreign investment to the Midwest, Northeast, and Hainan Province, with specific entries tailored to local resources and industrial advantages [3][4]. Group 3: Implications for Economic Development - The revision of the directory is expected to support industrial structure upgrades and improve efficiency, responding to the challenges posed by global investment protection measures [2][5]. - It aims to attract global innovation factors and enhance international investment cooperation, benefiting both domestic and foreign enterprises [5][6]. - The directory also seeks to meet the growing domestic demand in sectors like healthcare and elder care, thereby improving the quality of life and expanding domestic consumption [5][6]. Group 4: Future Directions - The National Development and Reform Commission plans to strengthen guidance and coordination to ensure the implementation of policies and create a favorable business environment for foreign investment [6]. - There will be efforts to expedite major foreign investment projects and address issues related to land use, environmental assessments, and energy consumption [6].

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 western regions of China [1][2][4] Group 1: Structure and Changes in the Catalog - The 2025 edition of the catalog consists of two parts: a national catalog applicable nationwide and a regional catalog for central and western regions, with a total of 1,679 entries, an increase of 205 from the 2022 edition [1] - The national catalog includes 619 entries, with 100 new additions and 131 modifications, while the regional catalog has 1,060 entries, with 105 new additions and 172 modifications [1] Group 2: Focus Areas for Foreign Investment - The catalog emphasizes encouraging foreign investment in advanced manufacturing, including sectors such as nucleic acid drug development, smart detection equipment, and underwater robotics [2] - It aims to attract foreign investment in consumer services and business services to enhance the quality and diversity of consumer goods and services [2] Group 3: Regional Investment Promotion - The revised catalog aims to guide foreign investment towards the central and western regions, leveraging their advantages in machinery manufacturing, energy resource development, and logistics [3] - Specific regional entries include new projects in various provinces, such as cruise tourism in Liaoning and ice and snow equipment manufacturing in Heilongjiang [3] Group 4: Policy Incentives for Foreign Investment - Foreign investment in the encouraged sectors can benefit from several incentives, including tax exemptions on imported equipment, priority land supply, reduced corporate income tax rates in certain regions, and tax credits for reinvested profits [5]