China's high-tech sectors maintain appeal for foreign investment
Although the US policy and China-US trade friction are causing some relocation of labor-intensive production from China to other countries, in higher-value-added and high-tech sectors, foreign direct investment continues to flow into China, Justin Yifu Lin, dean of Peking University's Institute of New Structural Economics, said in an exclusive interview with China Daily. “Some investments have been readjusted, but that's a natural process. Any country will encounter that,” he said. Lin is also former senior vice-president and chief economist of the World Bank. #economy #TwoSessions #ChinaPath #modernization
About Justin Yifu Lin
Justin Yifu Lin (Chinese: 林毅夫; pinyin: Lín Yìfū; born 15 October 1952) is a Chinese economist and professor of economics at Peking University. He served as the chief economist of the World Bank from 2008 to 2012, and was also the World Bank's senior vice president during that time. He has served as a State Council Counsellor of China since September 2013. Born in Yilan County, Taiwan, Lin was a ground force captain and company commander of the Republic of China Army on the Kinmen Islands, where ...
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