This Investment Policy Review of China 2008 reviews Chinese government efforts to encourage responsible business conduct against the backdrop of recent regulatory changes and China's increasing outward investment. It assesses the extent to which China's legal and regulatory framework for investment has been improved since the 2006 Review, including new cross-border mergers and acquisitions regulations, the Enterprise Income Tax Law, the Property Rights Law, the Anti-Monopoly Law and the latest revision of the Catalogue for Guiding Foreign Investment Industries. It also evaluates recent improvements in China's FDI statistics.

The 2008 Review provides a unique account of the motivations for and development of China's outward direct investment in recent years in light of government policy encouraging companies to "go global", focusing in particular on Chinese investment in Africa. It provides the first detailed and comprehensive analysis of the government's efforts to encourage responsible business conduct by enterprises in China and by Chinese enterprises operating abroad, highlighting in particular efforts to strengthen environmental protection and respect for core labour standards by enterprises. The Review concludes with an evaluation of enterprises' environmental conduct in China.

Executive Summary
Chapter 1. Recent Developments in China's Investment Policies
-1.Current Trend of FDI Inflows
-2. Regulations on the Acquisition of Domestic Enterprises by Foreign Investors effective from 2006
-3. Enterprise Income Tax Law effective from 1 October 2007
-4. Property Rights Law effective from 1 October 2007
-5. Anti-Monopoly Law
-6. Revised Catalogue for Guiding Foreign Investment Industries effective from 1 December 2007
Annex 1.A1. Differences between the 2003 Interim Provisions and the 2006 Regulations
Annex 1.A2. Statistical Tables
Chapter 2. China's FDI Statistics
Chapter 3. China's Outward Direct Investment
-1. Overview of China's Outward Direct Investment
-2. The Government's Policy on OFDI
-3. Motives for China's OFDI
-4. China's Direct Investment in Africa
-Annex 3.A1. Statistical Tables
Chapter 4. Encouraging Responsible Business Conduct in China
-1. Background
-2. The Case for Encouraging Responsible Business Conduct in Africa
-3. China's Policies for Promoting Responsible Business Conduct
-4. Remaining Challenges
-Annex 4.A1. Guidelines for State-Owned Enterprises Directly under the Central Government on Fulfilling Corporate Social Responsibilities
-Annex 4.A2. Shenzhen Stock Exchange Social Responsibility Instructions to Listed Companies
-Annex 4.A3. Speech by the OECD Secretary-General at the Global Corporate Responsibility Forum in China
-Annex 4.A4. OECD Visit to Textile Factories in Guangdong
-Annex 4.A5. Summary of Discussions at Multistakeholder Symposium
Chapter 5. Environmentally Responsible Corporate Conduct in China
-1. The Regulatory Framework for the Environment in China
-2. Role of the Business Sector in Environmental Protection
-Annex 5.A1. List of Environmental Laws, Regulations, and Policies in China
English Glossary
Chinese Glossary