National
Development and Reform Commission, Ministry of Commerce recently released a new
"Industrial Catalog for Foreign Investment" (hereinafter referred to
as "directory"), January 30, 2012 will come into force. National
Development and Reform Commission official said, they will complement the revised
2008 edition of the "Midwest Industrial Catalogue for Foreign Investment",
the focus is to increase labor-intensive project entry, encourage foreign
investment in central and western regions meet the environmental requirements of
labor-intensive industries.
The official said that in order to promote foreign investment in central and western regions, in 2000 China introduced the "Midwest Industrial Catalogue for Foreign Investment." "Midwest Industrial Catalogue for Foreign Investment" in the "Directory" developed on the basis, will be able to play a central and western regions comparative advantage permitted and restricted foreign investment projects included in the directory, enjoy the policy of encouraging foreign investment projects, and equity ratio limits appropriate to relax. This directory of local resource conditions, industry characteristics, based on the implementation has achieved good results.
The official pointed out, the central and western regions have the source of energy resources, labor, and other advantages, infrastructure has greatly improved, to develop an open economy is ripe, they will combine the "second five" plan "outline" to determine the direction of industrial development in central and western regions, to add amendments to the 2008 edition of "Midwest Industrial Catalogue for Foreign Investment", the focus is to increase labor-intensive project entry, encourage foreign investment in the Midwest regional development, environmental compliance, labor-intensive industries, while included in this "directory" encouraged amended to delete the part of the entry.
According to the person in charge, the "directory" removed part of the amendment encouraged entry, will promote the central and western regions to undertake industrial transfer, develop industries with local advantages Midwest principles, in the revised "Midwest Industries for Foreign Investment directory "be taken into account.
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The official said that in order to promote foreign investment in central and western regions, in 2000 China introduced the "Midwest Industrial Catalogue for Foreign Investment." "Midwest Industrial Catalogue for Foreign Investment" in the "Directory" developed on the basis, will be able to play a central and western regions comparative advantage permitted and restricted foreign investment projects included in the directory, enjoy the policy of encouraging foreign investment projects, and equity ratio limits appropriate to relax. This directory of local resource conditions, industry characteristics, based on the implementation has achieved good results.
The official pointed out, the central and western regions have the source of energy resources, labor, and other advantages, infrastructure has greatly improved, to develop an open economy is ripe, they will combine the "second five" plan "outline" to determine the direction of industrial development in central and western regions, to add amendments to the 2008 edition of "Midwest Industrial Catalogue for Foreign Investment", the focus is to increase labor-intensive project entry, encourage foreign investment in the Midwest regional development, environmental compliance, labor-intensive industries, while included in this "directory" encouraged amended to delete the part of the entry.
According to the person in charge, the "directory" removed part of the amendment encouraged entry, will promote the central and western regions to undertake industrial transfer, develop industries with local advantages Midwest principles, in the revised "Midwest Industries for Foreign Investment directory "be taken into account.
Related Article
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