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3.
What items are encouraged for foreign investment by China, and
what are prohibited?
To direct foreign investment to go along with the development
scenario of Chinese industries, and to avoid blind investment,
the Chinese government promulgated in June 1995 the Interim Provisions
for Guiding Foreign Investment and the Industrial Catalogue for
Foreign Investment. The industrial projects in the catalogue are
divided into four categories ― the encouraged, permitted, restricted,
and prohibited. In late 1997, the Chinese government revised the
above-mentioned catalogue in line with the development of the
national economy. The revised catalogue reflects expansion in
the investment scope encouraged by the state and highlights priority
industries. It embodies the principles of compliance with structural
readjustment, of being conducive to the introduction of advanced
technology, and encouragement of foreign investment in China's
central and western areas.
The items in the catalogue encouraged for foreign investment
mainly include: new agriculture technologies, comprehensive
development of agriculture, energy resources, communications,
important raw materials, new and high technologies, export-oriented
and foreign-currency-earning projects, comprehensive utilization
and regeneration of resources, prevention of environmental pollution,
and those that give play to the advantages of China's mid-west
areas. Meanwhile, foreign investment is directed to the technological
upgrading of traditional industries and old industrial bases
and to the continued development of labor-intensive projects
that comply with the state's industrial policies.
Foreign investment is prohibited in projects that endanger
the state security and bring damages to public interest; that
cause pollution of the environment and damage natural resources
and public health; that use large farmland and are unfavorable
to the protection and development of land resources; and that
endanger the security and normal function of military facilities.
The state will continue
to make appropriate revisions to the Industrial Catalogue for
Foreign Investment and to the Interim Provisions for Guiding
Foreign Investment in accordance with the development need of
the national economy and China's commitment on the entry of
the WTO.
For more information
and help please contact us at +0086-10-64632568 or send
us an email.
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