New measures unveiled to support foreign companies amid COVID-19
More efforts will be made to help foreign enterprises ensure stable production in China and facilitate the cross-border travel of foreign enterprises' employees and their family members, a new government notification said on Monday.
The notification was jointly released by the Ministry of Industry and Information Technology, the National Development and Reform Commission and the State-owned Assets Supervision and Administration Commission of the State Council.
The move is part of China's broader push to stabilize economic growth while containing outbreaks of COVID-19.
According to the notification, more efforts will be made to encourage foreign-funded enterprises to increase investment in China's high-tech industry and high-end manufacturing, support them to set up research and development centers in China and participate in national science and technology projects.
The government will also step up its push to establish and improve the communication mechanism with foreign-funded enterprises and provide help in labor, energy, logistics and other production factors to actively solve their needs amid COVID-19.
More measures will be taken to stabilize the export of industrial products and boost the resilience of industrial and supply chains, the notification added.
