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1、ForeignInvestmentIndustryCatalogue:Toaverylargeextent,the2007Cataloguefaithfullyreflectsthesepolicyarticulations.NewRevisions&AlignmentwithCONTINUITY&CHANGEThethreebasiccategories:“encouraged”,NationalDevelopmentStrategy“restricted”,and“prohibited”hav
2、ebeencarriedovertothe2007Catalogue.Likethoseinthe2004Catalogue,industriesnotlistedareWiththeissuanceofanewguidancecatalogue,Chinahasre-consideredtobeinadefaultcategorynormallyreferredtoas“permitted”,andareopentodefinedtheindustriesintothosethatareenco
3、uraged,restricted,foreigninvestmentunlessotherwisespecifiedinorprohibitedforforeigninvestment.Atthesametime,FIEtaxotherPRCregulations.preferencesandapprovalproceduresarebeingmorecloselyThe2007CataloguehassubstantiallyincreasedalignedwiththePRCgovernme
4、nt’sevolvingnationaleconomicthenumberoflistedindustries:developmentpolicy.ForeigninvestorsinthePRCmustnowadapt•the“encouraged”categorycontains351tosometransitionaluncertaintyandprepareforasomewhatindustrialareas(anincreaseof94fromthe2004Catalogue);di
5、fferentinvestmentenvironment.•the“restricted”categorycontains87industrialareas(anincreaseof9);andByThomasY.Man,YanZeng&Jing(Jean)SunofOrrick,Herrington&SutcliffeLLP•the“prohibited”categorycontains40industrialareas(anincreaseof5).policyrealignmentofso
6、rtstookeffectonDecember12007,Omittedfromthe2007CataloguearetwonotescontainedattheendAunderthenewlyrevisedversionoftheForeignInvestmentofthe2004Catalogue,whicharenowunderstoodtobeunnecessaryasIndustrialGuidanceCatalogue(Amended2007)(外商投资产业theyarereflec
7、tedinthecataloguelistingsorinrelatedadministrative指导目录(2007年修订)),whichwasjointlyissuedonOctober312007regulationsandimplementingrules:bytheNationalDevelopmentandReformCommission(NDRC)andtheMinistryofCommerce(MOFCOM).Thismarksthefourthrevisionto•Note1,
8、whichprovidesthattheprovisionsoftheCloserEconomictheForeignInvestmentIndustrialGuidanceCataloguesinceitsfirstPartnershipAgreements(CEPA)betweenMainlandChinaandHongpromulgationin1995(thepreviousrevisionsoccurredin1997,2002,KongandMacau,respectively,pre
