China’s “24 Measures” to Attract Foreign Investment: Progress Report

Six months after the implementation of new measures aimed at attracting foreign direct investment in China and optimizing the business environment, official updates on the progress of these measures have been released. Successes have been reported such as productive roundtable discussions with FIEs, extensions of tax breaks for foreign employees and domestic R&D equipment purchases, and enhancements in foreign executive travel procedures. However, work is still ongoing in other key areas.