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China has 50 companies headquartered in Illinois, which has a diverse economic base and serves as a major transportation hub, while 400 Illinois companies have a base in China.
China had already taken measures to prevent unwise and illegal overseas investment by State-owned enterprises, especially in real estate, hotels, sports and entertainment businesses. This year, the country may introduce its first regulation on ODI to better oversee the sector and fend off potential cases of irrational investment and money laundering, central government officials have said.
China has placed great emphasis on tech development, with AI being a key field. The government has laid out plans aimed at building a 1 trillion yuan (2.1 billion) AI core industry by 2030, which is expected to stimulate related businesses by around 10 trillion yuan.
China has facilitated market reforms so global investors will enjoy greater access to the country's equity market.
China exported 358,000 tons of TCM in the form of patented drugs, extracts, and raw materials in 2017, up 0.7 percent year-on-year. Export value was .6 billion, up 2.1 percent, according to the China Chamber of Commerce for Import and Export of Medicine and Health Products.