China encourages the transfer of chemical processing or some of its processing and manufacturing links to overseas

China Drying Network News Development and Reform Commission announced on the 24th “The 12th Five-Year Plan for the Use of Foreign Investment and Overseas Investment” to make it clear that during the “Twelfth Five-Year Plan” period, China will make effective use of foreign loans to stabilize the scale of loans and optimize its investment direction; International financing methods such as financial leasing and bond issuance will further increase the efficiency of the use of funds; enhance the level of foreign investment, and the scale will develop steadily, so that foreign capital will play a more active role in promoting China's industrial upgrading, structural optimization, technological innovation, and regional coordinated development.

According to the "Plan", the key tasks of China's "Twelfth Five-Year Plan" use of foreign investment and overseas investment are: maintaining a moderate and stable scale of loans, opening up loan areas, optimizing loan orientation, and more prominent in resource conservation, energy conservation and emission reduction, environmental protection, and ecological construction. Comprehensive transportation infrastructure, new rural construction, coordinated development of urban and rural areas, and coordinated regional development.

The "Plan" encourages the transfer of heavy chemical industries such as chemical industry, metallurgy, and building materials in China or part of its processing and manufacturing processes to overseas. Encourage enterprises to develop deep processing industries such as iron and steel, non-ferrous metals, and refining in countries and regions with rich energy mineral resources and large market space, and then drive the export of products, equipment and labor services, and expand the international development space of enterprises.

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