On June 30, 2019, The Catalogue of Industries for Encouraged Foreign Investment (2019 Edition) was issued.
On the whole, Industries for Encouraged Foreign Investment have been greatly expanded;
Manufacturing is still the key encouraged sector for foreign investment;
In the meanwhile, foreign investors are also encouraged to invest in the sector of productive services;
In the central and western regions of China, labor intensive industries as well as advanced applicable technology industries are encouraged.
Prior to investment in China, overseas investors are suggested to check the latest version of The Catalogue of Industries for Encouraged Foreign Investment. If the businesses to be operated fall within the scope of catalogue, the enterprises are eligible to enjoy customs duty exemption on the imported self-use equipment within the total investment amount; qualified enterprises investing in encouraged industries in western regions are eligible for a lower CIT rate of 15%; the land for encouraged foreign investment projects with intensive land use can be offered preferentially.
The Catalogue of Industries for Encouraged Foreign Investment (2019 Edition)
http://www.mofcom.gov.cn/article/b/f/201906/20190602877005.shtml