2023 sees significant foreign investment growth in Jilin and Heilongjiang provinces of northeast China, driven by industrial foundation, talent policies, and automation success.

Foreign investment in northeast China has surged, driven by a robust industrial foundation, talent policies, and automation success. In 2023, Jilin & Heilongjiang provinces experienced 23.2% & 11.8% year-on-year foreign capital utilization increases, respectively. BMW, Vitesco Technologies, and other global corporations are investing in sectors like new energy vehicles and biopharmaceuticals amid a talent influx and a shift from the "Rust Belt" image.

August 29, 2024
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