Wednesday, 15 February 2012

China Updates- 2011 Catalogue of Industries for Guiding Foreign Investment

The 2011 Catalogue of Industries for Guiding Foreign Investment will become effective on 30 January 2012, repealing and replacing the previous (2007) version.

Of most likely interest to foreign investors are the sectors which are being liberalised. For example,

  • Production of carbonated beverages, containers and fiscal cash registers.
  • Healthcare – the construction and operation of medical institutions.
  • Wholesale and retail – e.g. franchising.
  • Commodity auctions.
  • Financial leasing.

However, some business sectors have been added to the "restricted" category, subject to stricter requirements and approval procedures.

These include industries which apply old (environmentally unfriendly) technology (cf. tax incentives for environmentally friendly industries). In addition, foreign investors are now not permitted to construct and operate golf courses or villas, or to offer domestic postal services.

Further clarification is expected.

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