Exports of advanced products supported
Print Edition
CHINA’S State Council, the Cabinet, plans to push exports of advanced railway, nuclear power and building material products.
The Cabinet said in a notice yesterday that government departments and enterprises should facilitate China “going global” by increasing international trade, investment cooperation and pushing for domestic economic restructuring.
China’s outbound investment reached US$102.89 billion last year, up 14.1 percent from a year earlier, ascending to the world’s net capital exporters for the first time.
China will support steel, textile and building material firms to develop the industrial chain to export China’s products, technology and standards.
The government will aid enterprises with foreign exchange reserves to finance them “going global” through stock or bond issuance.
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