ANNOUNCEMENT 09 May 2013
In May 2013, the government of China announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
PRC National Development and Reform Commission, May 9th 2013. (中华人民共和国国家发展和改革委员会_中华人民共和国商务部_令_第 1 号)
On 9 May 2013, the National Development and reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) released the Catalogue of Priority Industries for Foreign Investment in China's Central and Western Regions ("2013 Catalogue") with the purpose of further promoting foreign investment in said areas. The 2013 Catalogue is complementary to the Foreign Investment Industrial Guidance Catalogue and extends the latter for FDI in central and western China.
The main amendments of this 2013 Catalogue are as follows:
In addition to the above, there was at least one clause in the announcement which discriminates against foreign-funded car manufacturing firms wishing to conduct business in the Inner Mongolia Autonomous region.
Manufacturers of automobiles and 'special purpose vehicles' were excluded from the scheme if the proportion of foreign capital exceeded 50%.