Economic news

China to promote foreign investment in manufacturing

2022.10.24 23:27


3/3

© Reuters. FILE PHOTO: An employee works at a packaging line for chicken vaccine at Ringpu Biotech in Tianjin, China, September 8, 2021. Picture taken September 8, 2021. REUTERS/Tingshu Wang

2/3

BEIJING (Reuters) – China said on Tuesday it will promote foreign investment with a focus on manufacturing industries, after President Xi Jinping called in China to “win the battle” in core technologies during the Communist Party Congress that ended over the weekend.

China will encourage foreign enterprises to invest in high-tech equipment and components, according to a statement published on the website of National Development and Reform Commission, China’s powerful planning agency.

China will also strengthen financial support for foreign enterprises, including fund-raising by eligible enterprises through listings on China’s stock markets, the statement said.

China’s economy grew 3.9% in the September quarter from a year earlier, rebounding at a faster-than-expected pace, although the outlook was overshadowed by aggressive COVID 19-related curbs, a prolonged property slump and the global economic downturn.

Tuesday’s statement also promised support for foreign enterprises posting personnel to China.

“China will facilitate the entry and exit to the country of multinational companies’ executives, technicians and their families, under the prevention and control of COVID-19.”



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 70,886.99 4.26%
ethereum
Ethereum (ETH) $ 2,467.28 2.68%
tether
Tether (USDT) $ 0.999191 0.01%
bnb
BNB (BNB) $ 572.35 3.41%
solana
Solana (SOL) $ 170.63 7.51%
usd-coin
USDC (USDC) $ 1.00 0.25%
xrp
XRP (XRP) $ 0.519124 3.08%
dogecoin
Dogecoin (DOGE) $ 0.178727 9.93%
staked-ether
Lido Staked Ether (STETH) $ 2,461.06 2.32%
tron
TRON (TRX) $ 0.161303 0.98%
cardano
Cardano (ADA) $ 0.338294 3.26%
the-open-network
Toncoin (TON) $ 4.73 0.56%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 7.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,903.93 2.08%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 70,592.91 4.16%
avalanche-2
Avalanche (AVAX) $ 24.51 7.51%
weth
WETH (WETH) $ 2,464.20 2.50%
bitcoin-cash
Bitcoin Cash (BCH) $ 348.38 5.56%
chainlink
Chainlink (LINK) $ 10.99 6.87%
sui
Sui (SUI) $ 2.08 12.14%
polkadot
Polkadot (DOT) $ 3.92 4.31%
leo-token
LEO Token (LEO) $ 6.03 0.41%
usds
USDS (USDS) $ 0.992204 0.78%
litecoin
Litecoin (LTC) $ 66.55 1.09%
near
NEAR Protocol (NEAR) $ 3.90 6.87%
aptos
Aptos (APT) $ 8.67 6.93%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,591.79 2.51%
uniswap
Uniswap (UNI) $ 7.41 8.49%
pepe
Pepe (PEPE) $ 0.000009 11.15%
internet-computer
Internet Computer (ICP) $ 7.50 6.44%
bittensor
Bittensor (TAO) $ 475.10 12.57%
dai
Dai (DAI) $ 1.01 0.58%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.27 12.48%
monero
Monero (XMR) $ 158.22 0.83%
kaspa
Kaspa (KAS) $ 0.113309 8.35%
stellar
Stellar (XLM) $ 0.094348 3.60%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.25%
whitebit
WhiteBIT Coin (WBT) $ 19.08 1.09%
ethereum-classic
Ethereum Classic (ETC) $ 18.47 4.92%
first-digital-usd
First Digital USD (FDUSD) $ 1.02 1.55%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.30763 4.74%
blockstack
Stacks (STX) $ 1.56 6.37%
okb
OKB (OKB) $ 38.18 2.42%
dogwifcoin
dogwifhat (WIF) $ 2.19 12.11%
aave
Aave (AAVE) $ 139.31 8.12%
filecoin
Filecoin (FIL) $ 3.45 4.78%
arbitrum
Arbitrum (ARB) $ 0.499137 5.02%
crypto-com-chain
Cronos (CRO) $ 0.072721 2.72%
mantle
Mantle (MNT) $ 0.569984 3.25%
immutable-x
Immutable (IMX) $ 1.10 3.48%