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China’s factory base cuts business costs, rolls out red carpet to foreign investors as trade war bit

Sep 12 , 2018

Guangdong province, the centre of China’s export industry, is redoubling its efforts to shore up domestic manufacturers and woo foreign investors to counterbalance the increasing impact of the trade war with the United States.

The provincial government has updated its foreign direct investment rules to give investors additional incentives to set up plants in the Pearl River Delta, the area just north of Hong Kong that is home to thousands of export businesses, in a desperate move to cushion the economic downturn amid the escalating trade war, economists and industry insiders said.

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