CHINA CONTINUES TO APPEAL GLOBAL INVESTORS DESPITE PANDEMIC

Highlights –

  • China continues to appeal global investors despite pandemic.
  • Chinese economy reportedly sustained positive performance in the first quarter.
  • Ministry of Commerce says 96.4% of foreign-invested enterprises are optimistic about their business prospects.
  • The figure is said to represent a 2.1 percentage-point increase.

China’s Ministry of Commerce (MOC) mentioned that global investors’ enthusiasm for the Chinese market continues despite the COVID-19 pandemic.

According to MOC, China’s appeal to foreign investment has extended into 2021. This was attributed to Chinese economy sustaining positive performance in the first quarter, and foreign companies expected a promising future in the country.

The Ministry of Commerce (MOC) showed that 96.4 percent of foreign-invested enterprises are optimistic about their business prospects in China.

The survey was conducted among over 3,200 foreign-funded firms, and the figure represents a 2.1 percentage-point increase compared with the beginning of the year.

According to MOC’s data, in the first quarter foreign direct investment (FDI) into the Chinese mainland also rose by 39.9 percent year on year in actual use to 302.47 billion yuan (about 46.74 billion U.S. dollars).

China in January had revised an industry catalog that opens up more sectors for foreign investors tha came into effect. Thus encouraging more foreign capital to pump into high-end manufacturing.

Few of the other measures by China further include implementing the pre-establishment national treatment plus negative list management system, accelerating the implementation of salient foreign-funded projects, and strengthening protection for foreign investment.

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