March 28, 2024 04:56 GMT
MNI BRIEF: Foreign Firms Needed For New Productive Force Drive
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Foreign companies have an important role to play in developing new productive forces, Huang Hanquan, dean at the Academy of Macroeconomic Research, told reporters on Thursday.
Foreign firms' advantages in technical and management capability brought advantages to China’s new economic model, Huang said, speak at an event organised by the All China Journalist Association.
New productive forces involved green transition, innovation and research in science and technology, all areas where foreign firms can play an important role.
Chinese authorities have started drafting a “private economy promotion law” to reaffirm the equal status of private companies and state-owned enterprises in a new law as it seeks to re-energise investor confidence and boost investment, a policy advisor and National People’s Congress delegate told MNI. (See: MNI INTERVIEW: China Law To Reaffirm Status Of Private FirmsKeep reading...Show less
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