China Implements Comprehensive Strategy to Attract Foreign Investment and Talent

Chinese Premier Li Qiang announced plans to issue new regulations on market access and cross-border data flows, welcoming companies from all countries to invest in China. The country aims to develop emerging industries such as biological manufacturing, artificial intelligence, and the data economy, while also easing some rules on foreign investment and data exports. With a focus on stabilizing economic growth, China's $18 trillion economy faces challenges including a property crisis, local government debt woes, and cooling foreign investment, prompting efforts to create a level playing field for foreign firms and lift curbs on overseas access in various industries.