Chinese government departments and cities, including the National Development and Reform Commission (NDRC), are taking timely measures to help foreign-invested enterprises cope with the impact of the epidemic and resume production and operation, as well as to facilitate the orderly progress of foreign investment projects, said Meng Wei, spokeswoman of the NDRC at a press conference on May 17. These measures are being taken in accordance with the Circular on Ensuring Effective Freight Logistics and Smooth Transportation, issued by the Joint Prevention and Control Mechanism Office of the State Council. We are confident that as the epidemic is brought under effective control and the stability of the industrial supply chains is gradually restored, foreign-invested enterprises will attain greater profitability in China’s new development landscape.
According to media reports, NDRC is conducting studies to revise and expand the Catalogue of Encouraged Industries for Foreign Investment under the guiding principle of “increasing the total amount and optimizing the structure” of foreign investment. The purpose is to continue encouraging foreign investment, especially in key sectors, such as manufacturing and productive services, as well as in China’s central-western, northeastern and other key regions. At present, the Catalogue is open to the public for comments.