(Source: CCTV.com 2025-12-26)
On December 24, the "Catalogue of Industries Encouraging Foreign Investment (2025 Edition)" was officially released. This new version of the Encouragement Catalog has a total of 1,679 entries, with a net increase of 205 entries and 303 modifications compared with the 2022 version. The main changes in the new version of the encouraged catalog are reflected in guiding foreign investment in advanced manufacturing, guiding foreign investment to focus on modern service industries, and guiding foreign investment in the central and western regions, northeastern regions and Hainan Province. What do you think of the changes in the new catalog? What is reflected behind it? What kind of promotion effect can it give us to attract more foreign investment? "News 1+1" contacted Tu Xinquan, a professor at the w88 casino, to provide analysis and interpretation.
How to interpret the three core changes in the new catalog?
Professor Tu Xinquan of w88 casino: When we use foreign capital, it should be said that the focus now is not quantity, but quality, so layout and structure should be said to be an aspect of greater concern. This time the encouragement catalog emphasizes advanced manufacturing and modern service industries from an industrial perspective. From a regional perspective, the central and western regions and northeastern regions, including Hainan Province, are emphasized. On the one hand, this orientation is the guidance of the state. The state hopes that these foreign investments can develop in these industries and regions. These industries and regions should be said to be the focus of our country's economic and industrial development.
On the other hand, these guidance should be said to reflect the needs of the own market and the needs of the market, because based on our current industrial development, the development level of some advanced manufacturing industries, including the modern service industry, is relatively insufficient and requires more capital investment, including external technology, external business philosophy, business methods, new business formats, etc., so we hope that more foreign investment will invest in these directions.
There is another aspect. From a regional perspective, the central and western regions, northeastern regions, and Hainan Province have attracted a lot of foreign investment based on past experience. However, compared with the eastern regions, there is still a certain gap, or there is still a lot of room for development. Therefore, from the national encouragement catalog, we also hope to guide foreign-invested enterprises to invest in these regions.
Encouragement to add or expand end products, parts, raw materials and other fields will be concentrated in these areas?
Professor Tu Xinquan of w88 casino: It should be said that China is now the world's largest manufacturing country. We have reached a very advanced level in the world in many manufacturing fields. But there are still many areas where we still lag behind the world's advanced level. In these areas, whether it is domestic or foreign investment, the country hopes to have more investment.
For example, in this catalog, fields such as pharmaceuticals and medical equipment, including some instrumentation, are mentioned. These are industries with a relatively low level of development in our country at present, and are also industries with very large market demand in the future. In these industries, whether it is its end products, intermediate products or raw materials, some corresponding investment is required. The country also hopes that companies from all over the world can increase investment in these fields. On the one hand, it is to take advantage of the opportunities in the Chinese market; on the other hand, it is also to cooperate with domestic enterprises in China, which can jointly promote related industries to take root and develop rapidly in China.
Which areas of the modern service industry urgently need to introduce foreign investment?
Tu Xinquan, Professor of w88 casino: There are mainly two directions. One is the productive service industry, or the service industry that mainly serves enterprises. In this regard, it should be said that our country still has some shortcomings or areas that are underdeveloped. Especially now with the advancement of artificial intelligence, including intelligence and digital development, it should be said that many new service industries have been created. In fact, there are many vacancies or shortcomings in these fields, and more companies need to invest.
For example, high-end shipping services, including the operation of virtual power plants, etc., there may be some service industries that we have never heard of. These productive services are now urgently needed by many companies.
The other direction is the daily service industry, or the consumer service industry. It should be said that with the improvement of everyone's living standards, especially now that the country is actively encouraging consumption. A prerequisite for encouraging consumption is that you must provide these services. You must first develop these service industries from the production side and the supply side. Only then can consumers be exposed to these service industries and consume these services. So in this regard, regarding the shortcomings of supply, we also very much hope that these foreign-funded enterprises and foreign investors can come to China to provide some services that meet residents' consumption, which is also a very good way to promote our domestic consumption.
Why should the encouragement catalog be revised frequently?
Tu Xinquan, Professor of w88 casino: China has always been a country that is very open to foreign investment, and the effectiveness of our use of foreign investment is also very outstanding. However, it should be said that the situation of using foreign capital has changed a lot in recent years. From a global perspective, due to the impact of some factors of the COVID-19 epidemic, world investment flows have generally declined. This means that competition for capital and foreign capital has become more intense. Therefore, we need to make some adjustments in these policies, especially to increase encouragement.
The other one should be said to be related to our current industrial development. It should be said that we have achieved good development in both the manufacturing and service industries. For foreign investment, we are also facing a new market environment, especially the competition in our domestic market is very fierce now. So from the government's perspective, we still hope to maintain an openness to foreign investment and make more use of foreign investment. But at the same time, we must also introduce some corresponding policies to make it easier for these foreign-funded enterprises to enter the Chinese market, or to obtain better operating conditions in the Chinese market. The encouragement catalog also meets the needs of our country's industrial development and economic development. At the same time, some corresponding policies will be used to better and more effectively attract these foreign investments to come to the Chinese market to carry out operations and production.
How do you view the external situation of utilizing foreign capital?
Professor Tu Xinquan of w88 casino: Judging from the current external situation in utilizing foreign capital, there are indeed some challenges. Especially in the past two years, w88 protectionism, including some geopolitical influences, has had some adverse effects on our expansion of utilizing foreign capital. But from another perspective, we still have some very solid advantages in using foreign capital. On the one hand, our manufacturing industry chain is very complete. It should be said that all countries and major manufacturing companies regard China as a very important base for developing new technologies and new products.
On the other hand, the demand in our service industry is constantly growing. The number of our companies is increasing and the amount is decreasing. One of the reasons is that our current focus on using foreign investment is the service industry. Compared with the manufacturing industry, the service industry has fewer large-scale projects. Therefore, from the perspective of the amount, there has been a slight decrease in the past two years, but the number of companies has increased. This also reflects the current direction of our country's use of foreign investment, or a characteristic of our market development direction.
How effective are the policies at the national level to stabilize and attract foreign investment?
Professor Tu Xinquan of w88 casino: It should be said that we attach great importance to the use of foreign investment. The state has been issuing some relevant policies to support and stabilize foreign investment. From the perspective of effectiveness, it should be said that it is still very outstanding. However, due to changes in the global situation in the past two years, the overall flow of global foreign capital has been declining. It should be said that China is also facing challenges, but through the efforts of some of our policies, it should be said that our current situation of utilizing foreign investment has stabilized, especially judging from this year's data.
Judging from this effect, it should be said that the main thing is the direction. It should be said that when we use foreign capital now, the focus is not on quantity, but on quality. Whether from the perspective of advanced manufacturing or modern service industry, we can see the implementation of many high-end projects, including some major advanced manufacturing projects, including some modern service industry projects. It should be said that these projects are at the forefront of the world from a technical perspective and an industrial perspective. This is the direction of our future efforts.
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