China' State Commission of Economics and Trade declares that China encourages overseas investments in the following 10 industrial areas:

1. Projects with the natures of comprehensive and new-hi technologies in agricultural sector, such as the retooling of low-and medium-yield farmland and the development of high yield varieties.

2. Construction of infrastructures in such sectors as energy and communications etc, and general projects in some classic industries, such as the production of key raw and processed materials.

3. State designated pillar industries, including machinery, electronics, petrochemicals and automobile.

4. Projects capable of introducing advanced technologies to improve economic performance and productivity of domestic enterprises, and the products that can meet the domestic demands in the market.

5. Projects that can increase foreign exchange earning capability through exports.

6. Projects using new technologies and equipments to comprehensively utilize resources and recycled materials.

7. Technologies and equipments beneficial to pollution control and environment protection.

8. Emerging industrial technologies and equipments, such as bio-chemical, telecom networking systems, isotope radiation and laser and the development of oceanic energy resources.

9. Service industries, such as consultancy services, maintenance and after sales service of precision instruments.

10. Projects that can make good utilization of the labor-force and natural resources in the central and western regions of China.

Source: Shanghai On-line; Edited by Zongjun