Beijing, 18 March 2023 (TDI): According to Foreign Direct Investment (FDI) data revealed on Friday, global companies remain steadfast in their investment in China considering China’s market consumption power and upgraded industrial capacity.
Also, global-level business executives and market watchers consider investing in China as a significant part of their smart strategy.
On Friday, the Ministry of Commerce revealed foreign investment data which demonstrated a 6% ($39.05 billion) rise in investment in China in only two months of 2023.
At the same time, the Ministry also noticed a 32 percent increase in high-tech industries in Foreign Direct Investment (FDI).
Moreover, China is releasing its market potential to reduce pressure, which could result in a result of increased investment rate.
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Premier Li Qiang while addressing a news conference said, “China will further expand opening-up this year in alignment with high-standard international trade rules & will open its doors wider to the world with a better business environment and services.”
Moreover, Jens Eskelund, vice-President of the European Union (EU) Chamber of Commerce also reflected optimism regarding China’s up beating economy by saying, “We expect that the impact of COVID-19 will be behind us at some point during the first quarter of this year, allowing for a rebound in the second quarter.”
Concerning the future projects with China, Eric Chung, CEO of Nippon Paint China and a subsidiary of Singapore-based Nipsea Group, said, “the company will start the construction of its new headquarters and Asia-Pacific research and development center in Shanghai later this year, and plans to build a production base in the city in the coming years.”
Therefore, with China’s optimized COVID-19 response, it should be noted that the consumer market has begun to revive, social and economic vitality has been further released, and China’s economy has been showing its strong resilience and great potential.
Besides, China’s policies and economic reforms have created an environment that is conducive to foreign investment, leading to a surge in FDI inflows in recent years.
