China Looks to Attract Foreign Investment as Its Economy Struggles
- State Council releases 24-point plan intended to allay fears
- Measures include easier visa policies, data transferring rules
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China’s latest attempt to reverse the nation’s foreign investment slump includes pledges to offer overseas firms better tax treatment and make it easier for them to obtain visas, as officials try to allay fears about doing business in the world’s second-largest economy.
The 24-point plan from the State Council — China’s cabinet — also promises to relax regulations on transferring data overseas, among other measures. The policies are intended to address long-standing concerns held by foreign companies about their ability to fairly compete in the government procurement process and protect their intellectual property, among other things.