development r: Photo Xinhua China on Tuesday released a document to guide the development of National Economic and Technological Development Zones, vowing to introduce more high-quality foreign investors to the zones and give them support in access and financing, another solid move to realize the country's reform and opening-up commitment amid an escalating China-US trade war, according to Global Times China. It vowed to improve the quality of investment in the development zones and give priority to multinational companies' regional headquarters, research and development R&D finance, procurement, sales, logistics, settlement and other functional institutions, read a document on the website of the State Council, China's Cabinet, on Tuesday. The garden now serves as a plant resource bank in TEDA for scientific research, scientific education, demonstration and entertainment purposes. China currently has a total of 219 National Economic and Technological Development Zones, according to China's Ministry of Commerce . Dong Dengxin, director of the Financial Securities Institute at the Wuhan University of Science and Technology, told the Global Times on Tuesday that the move, which marks a new round opening-up and development of China's National Economic and Technological Development Zones, is in line with the nation's financial opening-up policy and industrial upgrading efforts. Now, as China aims for high-quality economic development, its focus has turned to R&D centers and high-technology foreign companies, Dong said, adding that simplified application procedures will also attract more foreign capital. Before, we mainly attracted foreign companies seeking low-cost labor in these areas.
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