Posted 1/14/2024, 7:28:23 AM
China Approves $15 Billion in New Foreign Investment Projects
- China's top economic planning agency, the NDRC, has approved $15B in new foreign investment projects
- This is the 7th batch of major foreign investment projects to be approved
- The 11 projects span industries like biomedicine, auto manufacturing, batteries, and chemicals
- The minimum investment per project is over $1B
- Previous foreign investment project batches totaling $73B have helped spur industry upgrades and job creation