On December 20, 2024, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) issued the draft for Catalogue of Industries for Encouraging Foreign Investment (2024 Version) (hereinafter referred to as “the Catalogue Draft”) to call for public comments. The call-for-comment period will end on January 20, 2025. 

The revision of the Catalogue was initiated in March of 2024. The revised Catalogue Draft consists of two parts: the Catalogue of Industries for Encouraging Foreign Investment and the Catalogue of Industries for Guiding Foreign Investment (containing 14 categories with 620 items), and the Catalogue of Priority Industries for Foreign Investment in the Central-Western Regions. Overall, it aims to promote the sustainable development of China's economy by clearly defining the industrial sectors encouraged for foreign investment, particularly in agriculture, manufacturing, clean energy, high-tech industries, and infrastructure. 

The Catalogue is an important national document for China’s foreign investment policies. It lists out all the sectors that encourage foreign investments in China. Its wide coverage ranges from fundamental sectors like agriculture, forestry, regular manufacturing etc., to up-to-date technologies like ICT, ICV and quantum-related sectors. It was first made public in 2019 by NDRC. The presently effective version was issued in 2022. 

Especially for the sub-catalogue of central and western regions, specific sectors are listed under different province/region names based on their resource advantages and development needs, including but not limited in specialty agriculture, mineral resource development, clean energy, and automotive component manufacturing. Foreign investment stakeholders are advised to check the list when they target a certain region or a specific sector to find the best sector-region portfolio.

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