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