China has unveiled a new list of 13 major foreign-funded projects with a planned investment of US$13.4 billion, the country’s top economic planner said on Wednesday.
The new batch of projects is mainly in the manufacturing sector, including electronics, chemicals, automobiles and electrical machinery, aiming to accelerate the development of industrial clusters, according to the National Development and Reform Commission (NDRC).
Amid efforts to strengthen support for the service sector and promote deeper integration between modern services and advanced manufacturing, logistics projects have been included on the list for the first time, while continued support will be given to R&D center projects in sectors such as biomedicine.
Investment sources for these projects are diversifying, with companies from Britain, Germany, Switzerland, Sweden and Türkiye involved, the NDRC noted.
China will improve follow-up services for these projects, step up support for foreign-invested enterprises, and address their concerns and practical difficulties, an NDRC official said.
So far, such major foreign-funded projects have seen cumulative investment reach US$108 billion, the NDRC data showed.
China has intensified efforts to promote foreign investment.
Xinhua
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