The Encouraged Industry Catalogue is a document produced by the government of the People's Republic of China (PRC) and used to direct foreign investment in and international trade with mainland China. It classifies various industries into four categorised as Encouraged, Permitted, Restricted and Prohibited, which has subsequent effects on foreign firms wishing to operate in such sectors.
Encouraged industries
Foreign investment is encouraged in the following industries: • Advanced manufacturing industries. • Production-oriented service industries. • Regional advanced industries in the central, western, and northeastern regions. The favourable treatment for encouraged industries include: • Tariff exemptions on imported equipment. • Access to preferential land prices and looser regulation of land uses. • The land transfer reserve price can be 70% of the national minimum price for industrial land. • Corporate income tax rate can be reduced to 15%. ==See also==