China vows to boost exports, foreign investment

BEIJING–China’s State Council has pledged to roll out more measures to boost exports and attract more foreign investment to put the world’s second-largest economy on a more healthier footing.

This comes after China posted increases in exports and foreign direct investments in June from a year earlier, defying a global slump triggered by the coronavirus pandemic. But economists and officials have warned of downside risks in the coming months as rising numbers of new infections could weaken demand.

In a meeting Wednesday chaired by Chinese Premier , the cabinet said the government will introduce “effective measures” for exporters that have faced a sharp decline in overseas orders.

The State Council also said China’s less-developed central, western and northwestern regions should encourage the growth of labor-intensive industries and develop their export sectors.

The government also pledged to provide more support for foreign investors in the country, including extending government-subsidized loans to high-tech foreign companies.

It also plans to offer more job opportunities for migrant workers in the government’s post-flood reconstruction projects and provide more subsidies for migrant workers who start their own businesses.

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