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Year-ender: 10 noteworthy economic stories in 2022

Updated: Dec 29, 2022 Print
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More FDI flows into Chinahigh-tech sectors

A visitor walks past a poster at the China (Nanjing) International Software Product and Information Service Trade Fair in Nanjing, East China's Jiangsu province on Nov 23, 2022. [Photo/VCG]

Bucking the trend of the global foreign direct investment (FDI) slide, FDI into the Chinese mainland maintained double-digit growth in the first three quarters of this year. Specifically, FDI in high-tech manufacturing and the high-tech service sector rose 48.6 percent and 27.9 percent year-on-year, respectively.

The government policies guide foreign investment into key fields like advanced manufacturing, high-end technology, energy conservation and modern services. Foreign companies are also encouraged to set up R&D centers in China and deeply participate in the country's intelligent manufacturing, as well as the construction of advanced manufacturing industrial clusters.

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