China's new-economy sectors, high-end manufacturing draw MNC investments: HSBC co-CEO

Foreign investment in China is going through a significant structural transformation as multinational companies move capital towards the country's new-economy industries, according to HSBC Holdings' co-CEO for Asia and the Middle East. Multinational companies (MNCs) were increasing investment allocations to sectors such as high-end manufacturing, healthcare and pharmaceuticals, David Liao Yi-chien said on Tuesday, adding that MNCs also remained optimistic about consumption-related industries like fast-mov ...