Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 20 (Xinhua) — China approved 27 projects in the first four months of 2025, with fixed asset investment totaling 573.7 billion yuan (about 79.8 billion U.S. dollars).
The projects primarily target sectors such as energy, agriculture, forestry, water conservation and high technology, Li Chao, a spokesperson for China’s National Development and Reform Commission (NDRC), said at a press conference on Tuesday.
According to her, in April alone, the SCRR approved eight projects with investments in fixed assets totaling 377.1 billion yuan.
China will update the catalogue of industries in which foreign investment will be encouraged, opening up more sectors including advanced manufacturing and the digital economy, Li Chao said.
She noted that for more than 40 years, China has steadily promoted the policy of reform and opening up, remaining an ideal, safe and favorable place for foreign enterprises to invest.
However, the current unilateral and protectionist measures taken by some countries have forced enterprises to take sides and make choices that are not in line with economic principles, causing significant disruption to the normal operation of multinational companies, Li Chao said, calling on relevant countries to immediately return to the right track of multilateralism and free trade, working together to bring certainty to global economic development.
Li Chao said the NDRC is coordinating with relevant departments to speed up the implementation of a series of measures to stabilize employment and the economy while promoting high-quality development. Relevant departments are currently working hard to implement these measures, and most of them are expected to be put into effect by the end of June. -0-