An employee works at the workshop of Danfoss (Anshan) Co Ltd in Anshan, northeast China's Liaoning province, April 23, 2020. (YAO JIANFENG / XINHUA)
BEIJING - China will take measures to boost foreign investment, with the manufacturing industry as a priority, the country's top economic planner said Monday.
China will facilitate the exchange of business personnel of foreign companies on the premise of strictly implementing epidemic prevention, as part of the efforts to address their outstanding problems, Meng Wei, spokesperson for the National Development and Reform Commission, told a press conference.
Despite some factors brought about by the complex external environment denting the confidence of foreign investors, "China's foreign investment utilization saw rapid expansion this year," said Meng Wei, spokesperson for the National Development and Reform Commission
Alignment between the foreign trade and foreign companies and their upstream and downstream counterparts will also be strengthened, Meng said.
ALSO READ: Nation rolls out policies to attract foreign investment
China is accelerating the revision of the industry catalog that encourages foreign investment, with a focus on channeling more investment into sectors such as advanced manufacturing, high-end technologies and modern services, as well as the central, western and northeastern regions of the country, Meng noted.
The country will also organize promotion activities for industry investment and cooperation to set up an exchange platform for multinationals and localities.
READ MORE: Experts: China-ASEAN Expo to create opportunities for growth
Despite some factors brought about by the complex external environment denting the confidence of foreign investors, "China's foreign investment utilization saw rapid expansion this year," Meng said.
Foreign direct investment into the Chinese mainland, in actual use, expanded 16.4 percent year on year to 892.74 billion yuan in the first eight months of the year, showed data from the Ministry of Commerce Monday. In US dollar terms, the inflow went up 20.2 percent year on year to US$138.41 billion.
READ MORE: China's FDI inflow up 16.4% in first eight months
Tencent's net profit dips 16% amid game revenue decline
UN report: Asia-Pacific faces major challenge in meeting SDGs
Xi sends condolences to Malawi, Mozambique over cyclone
HK courts Michelle Yeoh to help promote city
New body to ensure 'one country, two systems' run smoothly
Copyright 1995 - 2023. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
HONG KONG NEWS