On 10 March 2015, 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 2015) ("2015 Catalogue"). The 2015 Catalogue will come into effect on 10 April 2015. It will replace the current Catalogue of 24 December 2011 ("2011 Catalogue").
All foreign investment into China is still 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 the feasibility of market access.
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