The National Development and Reform Commission issued on March 11, 2020 the Circular about Further Deepening Reform and Implementing Foreign-funded Projects to Tackle Epidemic. According to the circular, the NDRC and the Ministry of Commerce will revise the Catalogue of Industries for Encouraging Foreign Investment. The revisions will expand the scope of industries where foreign investment is encouraged, focus on high-quality manufacturing as well as industry transitions in central, western and northeast provinces.
The circular stated that tariff on self-use equipment imported for foreign investment projects will continue to be waived within the investment quota. For projects beyond the investment quota, project companies can make applications with the provincial development and reform commission to enjoy tariff exemptions, and the provincial commission will conduct preliminary examinations and report to the NDRC.