The sector s share of China s FDI in recent years has been declining. Some foreign enterprises are relocating their production capacities from China to neighboring economies.
Chinese Vice-Premier Liu He has underscored integrating the expansion of domestic demand with supply-side structural reform, which experts said delivered a key signal that more coordinated policy efforts are in the pipeline to strengthen the country's pursuit of high-quality development.
China's high-tech industry is gaining international popularity despite the deteriorating global investment backdrop, as overseas investors are eying huge growth opportunities it offers.
China's commitment to implementing its innovation-driven development strategy and improving the systems for scientific and technological innovation is expected to boost the nation's technological independence and self-reliance, help advance new industrialization and foster new competitive strengths, industry experts said.
Profits at China's major industrial firms fell during the first eight months in the face of renewed COVID-19 outbreaks and slackening domestic and external demand.