Nation continues to be destination of choice for global investors
China remains a key global investment destination amid downward economic pressure worldwide, as the nation's burgeoning new economy, driven by cutting-edge technologies, is expected to inject new vitality into the local market, according to top investors.
"China is the only country apart from the United States that can provide a stable social and economic environment for large capital and attractive returns. It will continue to be a country that global capital will look highly upon and beef up their presence there," said Jay Chen, managing partner of CVCapital, an emerging investment bank.
In the first quarter, foreign-funded institutions invested at least 30 billion yuan ($4.5 billion) in bulking real estate on the Chinese mainland. Firms including UBS and Morgan Stanley have also increased their proportion of joint ventures in China in the past few months, he noted.