ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
More sectors are liberalised. The number of restricted sectors has been decreased from 79 to 38. The number of forbidden sectors has been decreased from 38 to 36. Manufacturing sectors are substantially liberalized. In the manufacturing sectors, restricted sectors are reduced from 34 to 8, among others, Chinese wine and yellow wine production, manufacturing of threshing and curl tobacco leaf, petroleum processing and coking industries and chemical industries. The 2015 Amendment’s general policy encourages increased R&D activities and the adoption of new technologies, methods, materials and equipment. A handful of industries has been added to the “encouraged” category, which includes, among others, e-commerce, industrial design, construction design, garment design, development/application of the Internet of Things (IOT) and senior-care facilities. Services sectors such as photography, banks, trust companies, currency brokerage firms and insurance companies are more liberalized.
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