The Business Times

China to encourage more foreign investment in manufacturing industry

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Published Wed, Nov 2, 2022 · 12:52 PM
    • A China official said the country’s foreign investment has increased steadily so far this year and that it will encourage more foreign investment in the manufacturing industry.
    • A China official said the country’s foreign investment has increased steadily so far this year and that it will encourage more foreign investment in the manufacturing industry. PHOTO: REUTERS

    AN OFFICIAL of China’s state planner said on Wednesday that the country’s foreign investment has increased steadily so far this year and that it will encourage more foreign investment in the manufacturing industry.

    Xia Qing was speaking at an Apec workshop on supply chains in Beijing.

    China’s foreign direct investment (FDI) rose 15.6 per cent from a year earlier in the first nine months of the year to 1 trillion yuan (S$195.7 billion) after a 16.4 per cent growth in January-August, according to data from the Ministry of Commerce. REUTERS

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    China economyChinaManufacturing

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