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Manufacturers to grow overseas presence

Chinese manufacturers are poised to expand their global presence thanks to a string of policies supporting the export of high-value industrial capacity. "Capacity cooperation means more than export of finished products, it means the transfer of the whole industrial chain to help other countries beef up their manufacturing capability," said Gu Dawei, head of the foreign investment administration department of the National Development and Reform Commission. International industrial cooperation has been a key priority of Chinese government reform after slower economic growth last year.