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As FDI gets pricey, China rushes to calm frustrated foreign investors

In recent weeks, Chinese leaders, while denying that there is an exodus of foreign firms, are putting more emphasis on the concerns of foreign investors and have pledged to support them

Photo: Bloomberg
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As part of nation's Zero-Covid policy, China's financial hub Shanghai was completely locked down for two months. (Photo: Bloomberg)

BS Web Team New Delhi
China is stepping up efforts to secure overseas investments with foreign business community as the recent lockdowns have brought "a series of impacts and challenges to domestic and foreign-invested enterprises," a Chinese daily reported.

Premier Li Keqiang said on Wednesday that Chinese authorities will deploy special task forces and improve communication with foreign firms to help them solve problems. 

“Opening-up is China’s basic national policy. Stable foreign trade and investment are critical to the overall economy and employment,” Li told a meeting of the State Council, reported South China Morning Post
quoting the official Xinhua News Agency.

As part of nation's