High-tech sectors to attract more FDI
2 months, 1 week ago

High-tech sectors to attract more FDI

China Daily  

Employees work on a production line of a foreign-funded lithium battery plant in Nantong, Jiangsu province. GU HUAXIA/FOR CHINA DAILY Fueled by advancements in high-tech manufacturing, green energy and consumer goods industries, foreign direct investment into China will continue to recover this year, market watchers and business executives said. Despite challenges like disruptions in global supply chains, escalating geopolitical tensions and a slow economic recovery in several regions, multinational corporations have shifted their investment focus from building factories to fostering innovation, developing supply chains and advancing green industries in China, they said. "We are also planning to launch our new inspiration center for adhesive technologies in Shanghai this year, boosting our innovation capabilities for industrial businesses across China and the broader Asia-Pacific region," said Anna An, president of Henkel Greater China. Also upbeat about the Chinese market, Treasury Wine Estates, Australia's largest winemaker by sales revenue and the parent company of Australian wine brand Penfolds, announced last month that it had entered into an agreement to acquire a 75 percent equity stake in Ningxia Stone & Moon Winery Co Ltd in Ningxia Hui autonomous region for 130 million yuan.

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