New catalog sets out path for further opening

The new industry catalog encouraging foreign investment shows China's determination to further open up its economy and bolster international cooperation, which will help the nation to achieve high-quality development, experts said.

The National Development and Reform Commission and the Ministry of Commerce on Sunday jointly released a revised catalog of industries that encourage foreign investment.

More than 80 percent of the newly added or revised items in the nationwide catalog are related to manufacturing industry. Foreign investment is more encouraged in sectors such as high-end manufacturing, intelligent manufacturing and green manufacturing.