China: Investing in Guangdong Easier for Foreign Firms After New Incentives

On September 13, South China’s Guangdong province announced a series of investment incentives and cost-cutting measures to offset the impact of the worsening trade war with the US, according to an article from China Briefing.

The measures consist of a 10-point plan to attract foreign investment by opening market access, offering talent and land-use incentives, supporting R&D, and strengthening intellectual property (IP) protection.

Most notably, the plan allows foreign investors to set up wholly foreign-owned enterprises (WFOEs) to produce special-purpose and new energy vehicles (NEVs), drones, aircraft, and other high-tech industries – where joint ventures were previously required.

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