The State Council released new regulation governing China’s foreign investment, stating that the country still welcomes foreign investment in the high-tech, service, energy-saving and environmental protection industries, but plans to restrict future investment in polluting and energy-wasting industries, state media reported. The new regulations emphasize the State Council’s support of listed Chinese A-share companies seeking domestic and international strategic investors, and accompanied plans to develop a national security examination mechanism for cross-border M&A. The regulations also encouraged multinational corporations to set up regional headquarters and R&D centers in China, while promising to remove tariffs and taxes on imports of equipment for scientific and technological development. The regulations additionally emphasized further investment in China’s central and western provinces.
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