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Are the local/provincial government policy and central government policy to encourage foreigners to set up startups in China much different?

As I see it, the expansion of China's mobile payment service providers overseas has much significance. It is not just about an increasing number of Chinese people traveling abroad.

As COVID-19 has caused certain difficulties for global businesses to run their supply chains and funding channels in China, the CPPCC National Committee member urged the government to further support them to gain parts and materials from other countries through chartered air cargo services, and continue to simplify rules for foreign companies to issue bonds, raise funds and to be listed on China's stock markets to ensure their production and operation within the country.

As China opens wider with concrete policies and an improved business environment, the country is becoming more attractive for foreign investment.

Around 500 representatives from companies, foreign chambers of commerce, and academia in Shanghai attended the conference.