Employees work on a production line within a factory that exports cameras used on mobile phones in Shenyang, Liaoning Province, on 18 October 2013. Photo: REUTERS / Stringer / File Photo

China will push to attract more high-tech manufacturers to settle in the world's second largest economy, the country's Commerce Ministry said Friday without giving further details.

The comment was made at a time when US exports unexpectedly returned to growth in July due to improved global demand, despite mounting US trade pressure.

The Ministry of Commerce also said in a statement that it expects export volumes to "expand rapidly" in the second half of 2019.

China announced on Tuesday that it would implement a special tax policy in the newly expanded Shanghai Free Zone, granting oil import licenses to qualified companies and providing preferential tax policies to companies operating in the artificial intelligence, civil aviation, semiconductor sectors. and biopharmaceuticals.

Source: Reuters


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