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Analysis-China's pitch to foreign investors falls flat as incentives dwindle

China is struggling to revive foreign investment in its financially battered cities and provinces as foreign firms remain wary of political risks and new incentives fall far short of sweeteners once used to attract overseas money. With their coffers depleted after an economically bruising pandemic and property crisis, local authorities have been racing to find new revenue sources, with foreign investment particularly coveted. Premier Li Qiang in March declared China open for business again, an...
City Of United Kingdom Agatha Kratz Li Qiang Brenda Goh Kiran Patel
Source: yahoo.com

China investment: China's pitch to foreign investors falls flat as incentives dwindle

With their coffers depleted after an economically bruising pandemic and property crisis, Chinas local authorities have been racing to find new revenue sources, with foreign investment particularly coveted. The incentives many local governments now offer are far less attractive than they were a decade ago, when companies could easily win subsidies or free land use and the regulatory environment seemed more predictable.
City Of United Kingdom Noah Fraser Li Qiang Kiran Patel Agatha Kratz

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Chinese regulators try to assure sceptical foreign financiers

SHANGHAI/BEIJING : China is open for investment, the country's top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome.The world's second-largest economy, keen for foreign investment to suppo
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