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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
