China Further Promotes Opening-up and Foreign Investment

At the December 28 Standing Meeting, the State Council of China set forth new measures to further expand opening-up and foreign investment utilization. New measures include amending the Guidance Catalogue of Foreign Invested Industries, reducing administrative transaction costs, allowing foreign invested enterprises to participate in technology related projects and enjoying relevant subsidies, and providing preferential funding, land, and income tax policies to encourage foreign invested enterprises to move to central and western China.