China reveals new batch of foreign-invested projects

BEIJING, March 18 (Xinhua) -- China has unveiled a new list of 13 major foreign-funded projects with a planned investment of 13.4 billion U.S. dollars, 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 108 billion U.S. dollars, the NDRC data showed.

China has intensified efforts to promote foreign investment. Earlier in February, a new edition of the Catalog of Encouraged Industries for Foreign Investment came into effect, with the goal of channeling more foreign investment toward advanced manufacturing, modern services, high technology, energy conservation and environmental protection.

According to this year's government work report, the country pledges to deepen reform of the institutional framework for promoting foreign investment in 2026, with measures to encourage foreign-funded enterprises to reinvest in the country and expand production locally.