CHINA: State Council to Further Promote Foreign Investment Growth

Thursday August 17 2017

The State Council, China’s cabinet, on 16th August made public a series of measures for ensuring the steady growth of foreign investment.

They stated that China should make its foreign investment environment “more law-based, internationalized and convenient” to promote growth and raise the quality of foreign investment.

It will roll out nationwide a negative list for foreign investment that has been tested in pilot free-trade zones as soon as possible.

They further announced that China will expand market access to allow foreign capital to enter sectors including new-energy vehicle manufacturing, ship design, aircraft maintenance and railway passenger transportation

On 28^th July 2017, China began to implement a revised foreign investment catalogue, which included a negative list as well as sectors and industries in which the government wants to encourage foreign companies to invest.

The government will also make fiscal and taxation support policies to encourage overseas investors to expand investment and make use of their role in optimizing the service trade structure.

The investment environment in national-level development zones will be improved by giving the zones more authority in investment management and raising their ability to provide industrial services.

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