Foreign Investors Double Down on China’s Economic Momentum
Despite global economic uncertainties, foreign investors are flocking to China, drawn by its expanding market and improved investment climate. 🚀 In January alone, 4,588 new foreign-invested firms were established across the country—a 74.4% jump compared to last year, according to China’s Ministry of Commerce.
Surveys Signal Growing Confidence
A recent American Chamber of Commerce in China survey reveals that 50% of companies now rank China as a top-three investment destination, up 5% from 2023. European firms are equally bullish, with many doubling down on partnerships in tech, green energy, and consumer sectors. 💡
FDI Trends: A Global Standout
While global cross-border investment remains sluggish, China’s FDI inflows have defied the trend. After becoming the world’s #1 FDI destination in 2020, the country attracted over 1.13 trillion yuan ($158.89 billion) in 2023—marking its third-highest annual total ever. Though down 8% from 2022, the sheer volume of new firms (53,766 in 2023, up 39.7% YoY) underscores long-term confidence. 📊
Analysts credit China’s policy reforms and innovation-driven growth for keeping investors hooked. As one Shanghai-based entrepreneur put it: \"Where else can you tap into a market this vast and dynamic?\" 🌐✨
Reference(s):
cgtn.com