Wang Xiaohong, a researcher at the China Center for International Economic Exchanges in Beijing, said the new catalog is expected to further attract capital into emerging industries, reinforcing China's position as a global hub for high-tech and green development.

　　Yao Jun, director of the department of planning at the Ministry of Industry and Information Technology, said the government will actively support entrepreneurs and investors from all countries in innovating and starting businesses in China, encouraging foreign companies to establish research and development centers and collaborate with domestic enterprises.

　　China will promote foreign participation in digital development, green transition and smart manufacturing, as well as facilitate localization of advanced technologies and solutions, Yao added.

　　Foreign-invested businesses in China play a significant role in the economy, contributing one-seventh of tax revenue, about one-third of foreign trade and half of electromechanical and high-tech product exports, as well as creating nearly 7 percent of employment opportunities, according to data from the Ministry of Commerce.

　　To date, foreign investment in China spans 20 industrial categories and 115 major sectors. In the manufacturing sector alone, foreign capital is present in 31 major categories and 548 subcategories.

　　To further enhance national treatment for foreign-invested enterprises, Ling Ji, vice-minister of commerce and deputy China international trade representative, said the country is actively revising its Government Procurement Law and exploring specific standards for “domestic production“ by foreign companies in this area.