Global EditionASIA 中文双语Français
Business
Home / Business / Macro

China is one of most appealing destinations for foreign investors: Report

By Ouyang Shijia | chinadaily.com.cn | Updated: 2020-06-23 20:08
A view of the Lujiazui area in Shanghai, East China. [Photo Xinhua]

China is considered one of the most appealing investment destinations for foreign investors despite the ongoing coronavirus outbreak and mounting downside pressure, according to a new report.

The Global Business Complexity Index 2020 by global professional services provider TMF Group said China has hitherto been a labor superpower, supplying multinationals with workers to manufacture their goods. And a consumer economy is rapidly developing in the country, which has a professional class of approximately 400 million.

TMF said in the report that there are ever more incentives for multinationals to market their products within China itself. For instance, the launch of the China International Import Expo, an annual trade fair held in Shanghai, reflects the government's promotion of this shift.

"The Chinese government is sending a clear signal to open up wider to the outside world," said Thun Lee, China chief at TMF Group. "The construction of the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area, as well as other incentives, will strongly promote foreign funds flowing into the country. In addition, the Foreign Investment Law and the regulation on optimizing the business environment, which took effect (on Jan 1) this year, will further simplify compliance and alleviate the challenges face by multinationals."

Ministry of Commerce data showed that foreign direct investment into the Chinese mainland, in actual use, expanded by 7.5 percent year-on-year to 68.63 billion yuan in May. In US dollar terms, the FDI inflow stood at $9.87 billion, an increase of 4.2 percent year-on-year.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US