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Channel News Asia (25 October 2022)

China said on Tuesday (Oct 25) it will promote foreign investment with a focus on manufacturing industries, after President Xi Jinping called in China to "win the battle" in core technologies during the Communist Party Congress that ended over the weekend.

China will encourage foreign enterprises to invest in high-tech equipment and components, according to a statement published on the website of National Development and Reform Commission, China's powerful planning agency.

China will also strengthen financial support for foreign enterprises, including fund-raising by eligible enterprises through listings on China's stock markets, the statement said.

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