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China’s state planner on Friday issued the 2022 list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors in a bid to improve industrial and supply chains.
The new list, with the number of industries expanding to 519 from 480 in the last publication of eligible sectors in 2020, came after President Xi Jinping called on China to “win the battle” in core technologies during the recently concluded Communist Party Congress.
Still focusing on manufacturing sectors, the new version list remains a “key move to stabilize foreign investment under the current situation,” said a statement by the National Development and Reform Commission (NDRC) on Friday.
“It is not only conducive to promoting a high-level opening up and accelerating the construction of a new development pattern, but also to further stabilizing foreign investment, optimizing the investment structure and boosting foreign investors’ expectations and confidence.
