CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

China moves to boost foreign investment in manufacturing

Xinhua | Updated: 2017-02-15 16:03

BEIJING - China's top economic planner Wednesday pledged to take measures to attract more foreign investment to the country's manufacturing sector.

China will specify policies that will grant foreign investors the same treatment with domestic companies regarding the delivery of the "Made in China 2025" plan, according to the National Development and Reform Commission.

The agency said that wider open-ups would be pushed to allow foreign entry, and local governments would be asked to lend more support to manufacturing projects when attracting foreign investment.

Meanwhile, foreign business projects will get preferential policies in land supply and prices.

Foreign direct investment (FDI) in the Chinese mainland maintained steady growth last year, up 4.1 percent year on year to reach 813 billion yuan ($118.5 billion).

FDI to high-tech manufacturing went up 2.5 percent to 59.8 billion yuan during the year.

The slew of measures came as the government is working to shift the country away from low-end manufacturing to more value-added production.

In May 2015, China introduced the "Made in China 2025" blueprint, listing several tasks for the manufacturing industry, including boosting innovation, fostering Chinese brands and service-oriented manufacturing.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US