China’s Ministry of Commerce (MOFCOM) on Wednesday unveiled a 20-point “action plan” to “stabilize foreign investment” – a tacit acknowledgement that the Communist nation’s tottering economy desperately needs the return of foreign investors scared off by dictator Xi Jinping’s authoritarian tactics and unfair trade policies.
MOFCOM’s action plan was drafted with the assistance of the National Development and Reform Commission, a high-ranking department of the State Council established in 2003 to streamline economic planning. The State Council is effectively Xi Jinping’s Cabinet, so the new action plan is roughly equivalent to a policy document from a Cabinet-level agency.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased