Authorities want to increase foreign investment in advanced manufacturing, finance, telecommunications, medical care, education and creative arts sectors, said Song Siyuan, researcher at the Ministry of Commerce, following the recent State Council's Executive Meeting which focused on boosting FDI. Song said officials want to make foreign-invested enterprises feel assured and confident about China by improving the business environment.
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ACGBs (YM -15.0 & XM -8.0) have extended morning weakness to be sharply cheaper and at the Sydney session's worst levels.