Desperate for capital and with their economies struggling, China’s cities are wooing Western businesses with previously unavailable goodies. Beijing has labeled 2023 the “Year of Investing in China” and local officials have embarked on promotional tours overseas to drum up interest from investors.
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Source: https://www.wsj.com/articles/xi-china-economy-capital-investment-3439d31a?siteid=yhoof2&yptr=yahoo