China confirms no major flight of foreign capital despite COVID-19
There has been no major flight of foreign capital despite the impact of the COVID-19 epidemic on foreign-funded enterprises in China, said a spokesperson for the third session of the 13th National People's Congress (NPC) on Thursday.
"China's comprehensive advantage in using foreign capital has not changed. Foreign investors continue to be optimistic about China, and their confidence in long-term business operation in China has not changed," said Zhang Yesui, the spokesperson for the third session of the 13th NPC at a press conference.
"The global pandemic will have a complex impact on economic globalization in many ways, but it will not reverse the historical process of globalization," Zhang said, adding that the country will continue to safeguard free trade and the multilateral system.
This year's session will last seven days and close in the afternoon of May 28 with nine agendas on the list, Zhang told media on Thursday.