BritCham China Policy Insights Aug 2019 | Página 4

Transportation Domestic shipping agents
controlled by the Chinese
side. Removed.
Value-added
telecommunica-
tions (VATs) Foreign share of VATs not
to exceed 50% and
services to be controlled
by the Chinese side. 50% limit on foreign
shares in multi-party
communication, store-
and-forward and call
centre businesses
removed.
Water
conservancy,
environment
and public
facilities
management Foreign investment in
exploitation of protected
Chinese wildlife resources
prohibited. Removed.
Culture, sports
and
entertainment Construction and
operation of cinemas
controlled by the Chinese
side. Removed.
The Encouraged List designates the sectors that benefit from preferential tax
and land policy, in order to incentivise investment into the less developed
regions of China and build high-end manufacturing capacity. This explains the
choice for two separate sections in the list – a national section and one that
applies to the central and western areas of China – and the fact that more
than 80% of the 2019 List changes relate to manufacturing. The main
catalogue contains 415 items – an increase of 67 new and 45 revised items
from the 2017 List, whilst the central-and-western List contains 693 items of
which 54 are new and 145 are revised. The industry areas added are:
BRITCHAM POLICY INSIGHTS| PAGE 3