China To Attract More Foreign Experts To Do Business
[dropcap]A[/dropcap]ccording to China’s seventh national census, which polled the nation’s population status on Nov 1, 2020, more than 845,000 citizens of foreign countries live in China, and around 585,000 people from the Hong Kong and Macao special administrative regions and Taiwan live in the rest of China.
China’s use of foreign direct investment rose to a record $173.4 billion last year. Newly established foreign-funded enterprises in 2021 reached 48,000 (up by 23.5 percent year-on-year).
The Chinese government highlighted the need to scale up aid packages for businesses, including a portfolio of tax cuts and fee reductions, to help businesses, especially smaller firms, lower their financing costs.
The government will take multi-pronged measures to expand effective demand and help struggling, and labor-intensive sectors get through their difficulties. China will continue to improve its business climate and help the various ownership businesses to grow.
“I believe more and more foreigners, especially those working in science and technology, will be interested in coming to China as they learn more about some of the incredible changes and opportunities here”
said Andy Mok, a senior research fellow at the Center for China and Globalization, a Beijing-based think tank.
