Chinese President Xi Jinping on Sunday set the tone for the next five years, emphasizing 'higher-quality' growth and the need for national self-sufficiency.
Chinese President Xi Jinping on Sunday set the tone for the next five years with a speech that emphasized "higher-quality" growth and the need for national self-sufficiency.
Zhao said Monday that China would encourage foreign investment in advanced manufacturing, higher-quality services, high-tech, energy conservation and environmental protection.BEIJING — A Chinese official confirmed Monday a shift in the country's growth goals and indicated things will change for foreign investment.speech that emphasized "higher-quality" growth and the need for national self-sufficiency.
"We also face a new situation for attracting foreign investment," he said. That's according to a CNBC translation of the Mandarin remarks. For example, in 2013 foreign businesses in China accounted for a third of China's GDP and about 27% of employment, according toMuch of that business was in computers and electronics, autos and leather-related products, the report said.
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