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Reuters
19-07-2025
- Business
- Reuters
China vows tougher action against smuggling of strategic minerals
SHANGHAI, July 19 (Reuters) - China vowed on Saturday to step up a crackdown and toughen law enforcement against smuggling of strategic minerals seen as vital to national security and critical for development. The remarks by the commerce ministry came a day after the state security ministry accused foreign spy agencies of having tried to "steal" rare earths and pledged to crack down on infiltration and espionage targeting the critical sector. The world's largest supplier of dozens of strategic minerals, China began imposing export curbs in 2023 on supplies vital to sectors ranging from chipmaking and the energy transition to defence. The commerce ministry remarks, describing smuggling and export of strategic minerals as a severe problem to be combated, came at a meeting of officials responsible for export control coordination and other government bodies. "Cases of smuggling by a small number of criminals for their own selfish interests and collusion between domestic and foreign parties are still occurring," it said in a statement. Evasive methods such as false declarations and third-country transshipment were taking on increasingly covert forms, it added, urging government bodies to prevent illegal outflows of strategic minerals and related technologies. China has adopted a "zero-tolerance" approach to smuggling and export of strategic minerals, which it will fight with a heavy hand, through special efforts to toughen law enforcement, the ministry said. In May China said it would strengthen controls on the entire supply chains of strategic mineral exports while tightening its grip on materials deemed crucial to national interest. Earlier, Beijing launched a special campaign to tackle smuggling of strategic minerals such as gallium, germanium, antimony, tungsten and some rare earths.
Zawya
18-07-2025
- Business
- Zawya
China moves to encourage foreign reinvestment as FDI slumps
BEIJING - China has unveiled new measures to encourage overseas investors to reinvest their profits within the country, its latest efforts to reverse a decline in foreign direct investment. China has in recent months taken a series of measures to boost foreign investment, including opening more sectors to overseas investors, as rising trade tensions due to U.S. tariffs cloud the country's economic outlook. Foreign direct investment in China totalled 358.2 billion yuan ($50 billion) from January to May, down 13.2% from the same period last year, data issued by the commerce ministry showed. Foreign investors are encouraged to reinvest in China, including setting up new firms, increasing capital in existing companies and acquiring shares in Chinese firms, according to a notice issued by several government agencies. The agencies include the state planner, the finance ministry and the commerce ministry and the central bank. China has already introduced tax incentives to encourage foreign companies to reinvest profits earned in the country. Local governments will establish project databases for reinvestment by foreigners and provide project services and support, according to the notice. China will also support foreign investors in using flexible methods such as long-term leasing of industrial land, lease-before-transfer when reinvesting, to help reduce land costs, the agencies said. To further ease investment processes, approval procedures for foreign shareholder loans and Panda Bonds required for eligible reinvestment by foreign firms will be simplified, according to the notice. China's financial institutions have also been tasked with developing innovative products and services to support reinvestment by foreign enterprises, it said. ($1 = 7.1794 Chinese yuan renminbi)
Reuters
18-07-2025
- Business
- Reuters
China moves to encourage foreign reinvestment as FDI slumps
BEIJING, July 18 (Reuters) - China has unveiled new measures to encourage overseas investors to reinvest their profits within the country, its latest efforts to reverse a decline in foreign direct investment. China has in recent months taken a series of measures to boost foreign investment, including opening more sectors to overseas investors, as rising trade tensions due to U.S. tariffs cloud the country's economic outlook. Foreign direct investment in China totalled 358.2 billion yuan ($50 billion) from January to May, down 13.2% from the same period last year, data issued by the commerce ministry showed. Foreign investors are encouraged to reinvest in China, including setting up new firms, increasing capital in existing companies and acquiring shares in Chinese firms, according to a notice issued by several government agencies. The agencies include the state planner, the finance ministry and the commerce ministry and the central bank. China has already introduced tax incentives to encourage foreign companies to reinvest profits earned in the country. Local governments will establish project databases for reinvestment by foreigners and provide project services and support, according to the notice. China will also support foreign investors in using flexible methods such as long-term leasing of industrial land, lease-before-transfer when reinvesting, to help reduce land costs, the agencies said. To further ease investment processes, approval procedures for foreign shareholder loans and Panda Bonds required for eligible reinvestment by foreign firms will be simplified, according to the notice. China's financial institutions have also been tasked with developing innovative products and services to support reinvestment by foreign enterprises, it said. ($1 = 7.1794 Chinese yuan renminbi)
Yahoo
18-07-2025
- Business
- Yahoo
China moves to encourage foreign reinvestment as FDI slumps
BEIJING (Reuters) -China has unveiled new measures to encourage overseas investors to reinvest their profits within the country, its latest efforts to reverse a decline in foreign direct investment. China has in recent months taken a series of measures to boost foreign investment, including opening more sectors to overseas investors, as rising trade tensions due to U.S. tariffs cloud the country's economic outlook. Foreign direct investment in China totalled 358.2 billion yuan ($50 billion) from January to May, down 13.2% from the same period last year, data issued by the commerce ministry showed. Foreign investors are encouraged to reinvest in China, including setting up new firms, increasing capital in existing companies and acquiring shares in Chinese firms, according to a notice issued by several government agencies. The agencies include the state planner, the finance ministry and the commerce ministry and the central bank. China has already introduced tax incentives to encourage foreign companies to reinvest profits earned in the country. Local governments will establish project databases for reinvestment by foreigners and provide project services and support, according to the notice. China will also support foreign investors in using flexible methods such as long-term leasing of industrial land, lease-before-transfer when reinvesting, to help reduce land costs, the agencies said. To further ease investment processes, approval procedures for foreign shareholder loans and Panda Bonds required for eligible reinvestment by foreign firms will be simplified, according to the notice. China's financial institutions have also been tasked with developing innovative products and services to support reinvestment by foreign enterprises, it said. ($1 = 7.1794 Chinese yuan renminbi) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
