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RCEP agreement gains momentum as participants make progress

An aerial view of Beibu Gulf Port in Qinzhou, Guangxi Zhuang autonomous region. - Xinhua BEIJING (China Daily/ANN): Participants of the Regional Comprehensive Economic Partnership agreement pledged on Wednesday (Dec 16) that they will expedite the pact s implementation procedures and make policy arrangements in advance to help companies from all sides to share the benefits as soon as possible. With many RCEP members beginning to offer authoritative interpretations to their business communities to make the agreement a reality, government officials from countries including Japan, South Korea, Vietnam, Thailand, Malaysia and Australia, said they will help companies make full use of preferential policies brought by the pact to boost regional economic integration in East Asia and support the global economic recovery.

FDI inflows to exceed that of last year, experts say

FDI inflows to exceed that of last year, experts say By ZHONG NAN | China Daily | Updated: 2020-12-16 09:14 Share Employees make auto parts at a foreign-funded company in Anshan, Liaoning province. [Photo/Xinhua] Foreign direct investment in China in 2020 is expected to exceed last year s total, as the economy has recovered quickly from the COVID-19 pandemic and the efforts to stabilize investment and foreign trade continue to yield results, officials and experts said on Tuesday. They said China s continuously improving business environment has provided global companies a fair and open market, an efficient supply chain, competitive talent pool and 5G infrastructure for innovation, as well as confidence in its economy. Multinational corporations are keen to add investment in China and build up their industrial and service chains, in particular in areas of operations, research and development.

China s FDI inflows to exceed that of 2019: experts

Employees make auto parts at a foreign-funded company in Anshan, Liaoning province.- Xinhua BEIJING (China Daily/ANN): Foreign direct investment in China in 2020 is expected to exceed last year s total, as the economy has recovered quickly from the Covid-19 pandemic and the efforts to stabilis e investment and foreign trade continue to yield results, officials and experts said on Tuesday (Dec 15). They said China s continuously improving business environment has provided global companies a fair and open market, an efficient supply chain, competitive talent pool and 5G infrastructure for innovation, as well as confidence in its economy. Multinational corporations are keen to add investment in China and build up their industrial and service chains, in particular in areas of operations, research and development.

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