On 24 December 2011, the National Development and Reform Commission ("NDRC") and the Ministry of Commerce ("MOFCOM") jointly issued a new Guideline Catalogue of Industries for Foreign Investment (Amended 2011) ("2011 Catalogue"). The new Catalogue will come into effect on 30 January 2012. It will replace the old Catalogue of 31 October 2007 ("2007 Catalogue"). A working translation of the 2011 Catalogue is available on our website.
All foreign investment into China is subject to approval and registration by the competent Chinese authorities. Foreign investment is divided into the following four categories: encouraged, permitted, restricted and prohibited. The type of category a project belongs to has influence on which level of authorities are in charge of a project and also decides on access to certain incentives.
Please access the Newsletter below to read more.