National Development and Reform Commission Launches New Batch of Major Foreign Investment Projects with Planned Investment of @13.4@ Billion USD

Recently, the National Development and Reform Commission announced a new batch of 13 landmark major foreign investment projects, with a planned investment of $13.4 billion.

The newly selected projects mainly focus on manufacturing, including electronics manufacturing, chemicals, automobiles, machinery, and more, promoting the accelerated development of industrial clusters.

This year, logistics projects were included in the list of new landmark major foreign investment projects for the first time, continuing to support R&D centers in fields such as biomedicine. This signals China’s increased support for the service industry and the deep integration of modern services and advanced manufacturing. Additionally, the sources of investment have become more diverse, including multinational companies from the UK, Germany, Switzerland, Sweden, Turkey, and other countries.

A relevant official from the National Development and Reform Commission also stated that efforts will be increased to strengthen the work of the special team for major foreign investment projects, fully supporting project tracking and service, continuously carrying out special actions to serve foreign-invested enterprises, listening to their demands, and coordinating solutions to practical problems.

This year marks the ninth time the National Development and Reform Commission has updated the list of landmark major foreign investment projects. These projects are characterized by large investment amounts, strong industry driving effects, and prominent technological leadership. To date, the total investment in landmark major foreign investment projects has reached $108 billion, demonstrating significant demonstration and driving effects.

(Source: CCTV News)