Ministry of Commerce: Will attract more multinational companies to move their research and development activities to China.

On the 16th, He Yaodong, the spokesperson of the Ministry of Commerce, stated at a routine press conference that foreign-funded research and development centers are an important part of China's innovation system. Many multinational companies in China are upgrading their "manufacturing bases" to "innovation sources", and foreign-funded research and development centers in China are transitioning from localized adaptation to global innovation hubs. He said that next, the Ministry of Commerce will work together with relevant departments to attract more multinational companies to place their research and development processes in China. By leveraging China's complete industrial system, high-quality talent pool, and rich application scenarios, they will fully utilize their advantages and capabilities in promoting the transformation towards green, digital, and intelligent development in China, and share development opportunities.