The National Development and Reform Commission launches a new batch of major foreign investment projects involving electronics manufacturing, chemicals, automobiles, electrical machinery and other sectors.

According to Xinhua News Agency, on March 18, the National Development and Reform Commission announced that it has recently launched a new batch of 13 major foreign investment projects, with a planned investment of $13.4 billion.

The newly selected projects mainly focus on manufacturing, including electronics manufacturing, chemicals, automobiles, and electrical machinery, promoting the accelerated development of industrial clusters. At the same time, support for the service industry has been increased, with logistics projects included in the list for the first time, and continued support for R&D centers in fields like biomedicine, to promote deep integration of modern services and advanced manufacturing.

As of now, the major foreign investment projects have accumulated a total investment of $108 billion, demonstrating a significant demonstration effect in attracting investment.

(Edited by: He Chong)

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