At a recent meeting of the State Council, the policy was confirmed to expand the scope of opening-up and utilization of foreign investment to form a fair and convenient market environment.
The following measures will be implemented: first, amending the Catalogue of Industries for Guiding Foreign Investment and its related regulations to encourage foreign funds in industries of advanced manufacturing, industrial design and modern logistics; removing entry restriction on fields of railway traffic equipment, motorcycle, and fuel ethanol, oil processing; supporting foreign capital to participate in infrastructure construction and operations; second, deepening reforms to lower the institutional trading costs, including simplifying the establishing and conversing procedures, and implementing unified system of registered capital; third, allowing foreign enterprises to take part in national science and technology projects and standardization work and to equally apply to preferential policies; strictly protecting the intellectual property of foreign enterprises; fourth, supporting the Midwest region to accept the industry transfer of foreign funds, and extending support and preferential treatment to encouraged foreign investment.
