China is expanding investment scope for foreign investors with a new encouraged industries catalog, demonstrating the country's resolve to attract more foreign investment and spur economic growth.
Wuxi in East China's Jiangsu province will issue a cultural support fund worth over 94 million yuan ($13.3 billion) to promote high-quality development of the cultural industry, local media reported June 28.
Newly introduced high-tech enterprises in the district will be rewarded if they meet the requirements of the regional modern industry development plan.
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