Global investors and experts are doubling down on China’s economic potential, fueled by rising foreign investments and confidence in long-term growth, despite recent challenges. 🚀
Data from China’s Ministry of Commerce reveals foreign direct investment (FDI) hit 1.13 trillion yuan ($158.89 billion) in 2023, marking the third-highest historical level. While down 8% from 2022, the surge in new foreign-invested enterprises — up nearly 40% to 53,766 — signals enduring appeal.
Major companies like Airbus and KFC are expanding footprints. Airbus launched its first aircraft lifecycle service center outside Europe in Chengdu, while KFC now operates over 10,000 stores in China. 📊 A European Chamber of Commerce survey found 59% of firms rank China as a top-three investment destination.
\"China's economy has sufficient internal driving force and great potential for sustained growth,\" said Tian Xuan of Tsinghua University. At this year’s Two Sessions, the government set a 2024 growth target of around 5%, aligning with long-term development goals.
Despite hurdles like weak demand and global uncertainties, analysts highlight China’s vast market, industrial diversity, and tech innovation as key strengths. The economy surpassed 120 trillion yuan in GDP in 2023, growing 5.2% despite pandemic aftershocks.
\"The Chinese economy enjoys capability, advantages, and opportunities to sustain growth,\" emphasized Wang Changlin of the Chinese Academy of Social Sciences. With reforms prioritizing \"new quality productive forces,\" experts say China remains a cornerstone of global economic resilience. 🌍
