China encourages foreign capital to set up R&D centres in the country

China also encourages financial institutions to offer financial support to those centres and will support legal cross-border R&D data flows, said the statement.

Reuters

January 18, 2023 / 09:21 IST

China issued a notice on Wednesday to encourage foreign investment to set up research and development (R&D) centres in the country, according to a statement by the State Council, or the cabinet.

China also encourages financial institutions to offer financial support to those centres and will support legal cross-border R&D data flows, said the statement.

Reuters

first published: Jan 18, 2023 09:21 am

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