The skyline of Beijing. [Photo/VCG] China will expand pilot programs in key sectors, including telecommunications, healthcare and education, to further open up its economy and attract global capital, according to an action plan unveiled on Wednesday for stabilizing foreign investment in 2025.Approved and released by the State Council, China's Cabinet, the plan aims to attract more foreign investment in high-tech industries, offering greater market opportunities and deeper collaboration prospects for multinational corporations.According to the action plan, the government will expand pilot programs for opening up the telecommunications and healthcare sectors in a timely manner. It will also develop a program for the orderly expansion of the education and cultural sectors. The decisions will be announced at an appropriate time and implemented steadily.Experts and company executives see the action plan as another major move by China to attract global capital, following its removal of all restrictions on foreign investment in the manufacturing sector last year.Zhao Fujun, a researcher at the Beijing-based Development Research Center of the State Council, said these measures align with economic development trends and industry evolution."By advancing the implementation of relevant opening-up initiatives and optimizing pilot programs, the action plan will play a key role in attracting high-quality foreign investment this year," said Zhao.Poh-Yian Koh, senior vice-president of US express transportation service provider FedEx Corp, said that China's new policy measures will continue to create more business opportunities for foreign companies in its huge market.Koh, who is also president of FedEx China, noted that China hosts one of the group's largest and most extensive global operations. She said the company has witnessed and benefited from China's economic growth and opening-up policies over the past four decades.According to the action plan, China will encourage foreign capital to undertake equity investment in the country. It also calls for efforts to optimize rules and procedures for foreign mergers and acquisitions.Furthermore, the plan highlights the government's support for foreign enterprises in participating in China's new industrialization process, with a focus on attracting investment in high-tech sectors and providing more market opportunities and collaboration space for foreign companies.Data released on Wednesday by the Ministry of Commerce shows that China attracted 97.59 billion yuan ($13.4 billion) in foreign direct investment in January, marking a 27.5 percent increase from the previous month, but a 13.4 percent year-on-year decline.In January, China saw investment from the United Kingdom soar 324.4 percent year-on-year, investment from South Korea surge 104.3 percent and investment from the Netherlands jump 76.1 percent.Chen Jianwei, a researcher at the University of International Business and Economics' Academy of China Open Economy Studies in Beijing, said that as the nation accelerates its transition toward green and innovation-led growth, global investors are placing greater emphasis on digital transformation, research and development, high-end manufacturing and tech-intensive green industries.Supported by China's policy assistance, abundant talent pool and well-developed supply chains, Norsepower Marine Technology (Yancheng), a ship fittings manufacturer in Yancheng, Jiangsu province, plans to export up to 50 marine rotary sails this year.The company is a subsidiary of Norsepower Oy Ltd, a Finnish enterprise specializing in renewable energy solutions for the maritime industry.These sails, which will be installed on oceangoing vessels, are estimated to reduce annual fuel consumption by 5,000 metric tons and lower carbon emissions by 15,000 tons, according to Hai Yunyi, president of Norsepower Marine Technology (Yancheng)."The marine rotary sails are power devices that utilize aerodynamic effects to serve as an alternative to traditional fuel," Hai said.

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INDUSTRY

Electronic Information and Digital Industry

Electronic Information and Digital Industry

a total operating income of
880

billion yuan

the industrial added value increased by
27.6%

the average growth rate was
24.4%

ranks in China
NO.5

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Advanced Equipment Manufacturing Industry

Advanced Equipment Manufacturing Industry

enterprises above designated size
3,968

with the total assets of
955.4

billion yuan

recorded an revenue of
1,077.8

billion yuan

a total profit of
73.1

billion yuan

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Petrochemical Industry

Petrochemical Industry

achieved a total operating income of
533.659

billion yuan

an increase of
25.7%

the total profit was
31.692

billion yuan

an increase of
103.6%

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Modern Textile and Clothing Industry

Modern Textile and Clothing Industry

the textile and footwear industry revenue was
1,166.1

billion yuan

the textile and garment industry revenue was
814.4

billion yuan

the footwear industry revenue was
351.7

billion yuan

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New Materials Industry

New Materials Industry

ts new materials industry has achieved a total output value of about
645

billion yuan

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New Energy Industry

New Energy Industry

The installed capacity of electricity in the province reached
63.72

million kilowatts

The installed capacity of clean energy accounts for
55.1%

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Biological and New Pharmaceutical Industry

Biological and New Pharmaceutical Industry

pharmaceutical industry enterprises above designated size in the province
282

with an operating income of
85.1

billion yuan

a year-on-year increase of
42.2%

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Characteristic Modern Agriculture and Food Processing Industry

Characteristic Modern Agriculture and Food Processing Industry

food industry enterprises above designated size in the province
2,368

recording an operating income of
666

billion yuan

an increase of
8.7%

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Metallurgical Industry

Metallurgical Industry

The output of stainless steel products ranks in China
NO.1

The output of tungsten and compound products ranks in China
NO.3

The output of tungsten processing products ranks in China
NO.1

The output of gold products ranks in China
NO.3

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Building Materials Industry

Building Materials Industry

Building sanitary ceramics, building decorative stone, cement, flat glass, deep processing and new wall materials are the mainstay of building materials industry in Fujian Province. In particular, building sanitary ceramics, building decorative stone, cement and flat glass industries
lead the building materials industry of the province

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Modern Service Industry

Modern Service Industry

state-level service-oriented manufacturing demonstrations in the province
33

national industrial design centers
25

national A-level logistics enterprises
466

national industrial heritage projects
5

View details>