Transportation

The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.

Transport and logistics sectors benefit from the new VAT reform.

Foreign shipping firms allowed to set up WFOEs in China.

The Circular liberalises the market entry conditions for, and scope of business of, wholly foreign-owned shipping companies.

Alternative energy and advertising included in the industry structure adjustment catalogue for the first time.

Investment in aviation service stations encouraged.

Seven new industries encouraged in China.

Private sector investments allowed in commercial bank equity investment.

Being transparent with regulators and securing sufficient funding was the winning formula for Zhejiang Geely Holding Group (Geely) in its bid to buy Volvo…