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China encourages foreign investment in more sectors, focuses on stable and self-controlled industry chains
Wang Bozun Published: Dec 28, 2020 10:03 PM
foreign investment
China has significantly increased the number and type of items on its newly revised industry catalogue, released on Monday, to encourage foreign investment.
The list is intended to attract foreign investment into the country s manufacturing and producer services industries as well as the middle and western regions of the country, in a bid to raise foreign investors confidence and involve foreign capital in China s establishment of a new development pattern, analysts said.
The new catalogue will be significant for China to achieve its goal of building stable and self-controlled industry chains by boosting original innovation locally, while creating greater scope for growth for foreign capital in the Chinese market, experts said.