Catalogue of Industries for Encouraged Foreign Investment (2022 Edition) has a total of 519 items in the national catalog, with 39 new items and 85 amended items. It guides foreign investment in advanced manufacturing, modern service industry, high and new technology, energy saving and environmental protection, and helps industrial transformation and upgrading, and coordinated regional development.

The following policies are available for the areas in the Catalogue of Industries for Encouraged Foreign Investment:

- Tariff exemption for equipment imported for self-use within the total investment amount (except for products not exempted by state regulations).

- Priority land supply for encouraged industrial projects with intensive land use, and the reserve price of the land can be set at no less than 70 percent of the corresponding minimum price of the industrial land to be offered in the location.

- Investments in the western region and Hainan province shall be subject to an enterprise income tax rate of 15 percent.

Sources: Catalogue of Encouraged Industries for Foreign Investment (2022 Edition) and Overview of Foreign Investment Polices in Shanghai 2023.