On November 6, China’s National Development and Reform Commission (NDRC) released the Catalogue for Guiding Industry Restructuring (2019 version), which will take effect January 1, 2020.The upgraded Catalogue is aimed at adjusting and upgrading the industrial structure and shifting China’s economy from high-speed growth to high-quality development, according to an article from China Briefing.
The Catalogue is considered an important basis for guiding the direction of domestic and foreign investment and guiding government agencies to manage local investment projects and formulate fiscal, tax, credit, land, import, and export policies.
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