China has unveiled the 2025 version of its Catalogue of Encouraged Industries for Foreign Investment, aiming to attract more foreign capital and support high-quality economic growth. Effective from February 1, 2026, the updated catalogue includes 205 new items and 303 revisions, guiding foreign investment toward advanced manufacturing, modern services, high-tech sectors, and environmentally friendly industries.
The revised catalogue also emphasizes regional development, encouraging foreign investment in central and western regions, Northeast China, and Hainan Province, where the world’s largest free trade port operates. Industries listed in the catalogue are eligible for incentives such as tariff exemptions, reduced corporate tax rates, and priority access to industrial land, providing a favorable environment for multinational companies.
Economists say the update underscores China’s commitment to high-level opening-up and policy continuity. By advancing industrial upgrading, optimizing supply chains, and supporting balanced regional development, the policy sends a positive signal to global investors. Foreign business chambers have expressed optimism about China’s market, expecting stronger cooperation and growth opportunities in the years ahead.
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