Foreign firms continue to expand in China, making it remaining ‘next China’ for investment.
A number of foreign companies are announcing expansion plans in China recently as the country vows to roll out practical measures to stabilize and expand foreign investment on Monday. The latest developments showcased the Chinese market’s sustained appeal to multinational companies and the country’s commitment to open up wider and create a favorable environment for foreign investment.
A State Council executive meeting held on Monday reiterated foreign companies’ role in creating jobs, stabilizing exports and fostering industrial upgrades. It urged more practical, effective measures to stabilize existing foreign investment and expand new investment. It called for the optimization of a comprehensive services sector opening-up pilot program and the expansion of industries that encourage foreign investment.
The meeting also approved an action plan in stabilizing foreign investment in 2025. The plan vows to expand support to reinvestment by foreign companies in China. Foreign companies will also be supported in engaging in equity investment in the country, according to Xinhua.
Source: GLOBALTIMES
