Foreign Investment Industry Catalogue: New Revisions & Alignment with National Development Strategy
November 30, 2007 | BY
clpstaff &clp articlesThe new guidance catalogue has re-defined the industries for foreign investment. FIE regulations are more closely aligned with the PRC government's evolving national economic development policy.
By Thomas Y. Man, Yan Zeng & Jing (Jean) Sun of Orrick, Herrington & Sutcliffe LLP
A policy realignment of sorts took effect on December 1 2007, under the newly revised version of the Foreign Investment Industrial Guidance Catalogue (Amended 2007) (外商投资产业指导目录 (2007年修订)), which was jointly issued on October 31 2007 by the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM). This marks the fourth revision to the Foreign Investment Industrial Guidance Catalogue since its first promulgation in 1995 (the previous revisions occurred in 1997, 2002, and 2004 respectively).
POLICY OBJECTIVES
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