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Legal Update

NDRC Issued the Revised Draft of Foreign Investment Catalogue to Open More Sectors to Foreign Investment

17 November 2014
Mayer Brown JSM Legal Update

On 4 November 2014, the National Development and Reform Commission (NDRC) released the latest revised draft of the Foreign Investment Industrial Guidance Catalogue (外商投资产业指导目录) (Catalogue) soliciting public comments. The deadline to submit comments is 3 December 2014.

Among the various changes brought by the revised draft Catalogue, a large number mirror the opening-up policies implemented in the China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ). As confirmed by an NDRC official in a press conference, the aim of the revision is to implement the experience gained from Shanghai FTZ to expand market access nationwide and to lift the cap on foreign ownership. The focus of the revision is in the service and general manufacturing industries. Key sectors include steel, ethylene, refinery, paper, coal chemical equipment, automobile, electronics, liquor, branch railway, subway, international maritime transport and e-commerce.

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