FDI steered towards green, high-tech investment

November 02, 2007 | BY

clpstaff &clp articles

The Catalogue of Industries for Guiding Foreign Investment, jointly issued by the National Development and Reform Commission (NDRC) and the Ministry of…

The Catalogue of Industries for Guiding Foreign Investment, jointly issued by the National Development and Reform Commission (NDRC) and the Ministry of Commerce, was published on the NDRC website and will take effect on December 1 2007.

The new guidelines have essentially put the brakes on all export-oriented foreign direct investment. Manufacturing sectors in which domestic production capacity has been strengthened, for example, have been removed from the "encouraged" category for foreign investment.

According to China Daily, the new regulation is in line with policies the country has adopted for over a year.

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