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China's FDI inflows up in first five months, foreign investors remain bullish on China
CGTN

Despite ongoing challenges in the global economy, foreign investors continue to hold a positive outlook for China. The country's efforts to attract foreign investment through initiatives have garnered significant attention from international companies and investors. 

China has been implementing favorable policies to attract foreign investors. As a result, foreign direct investment (FDI) inflows into China have remained steady, highlighting the continuing confidence in the country's economic potential. 

According to latest data released by China's Ministry of Commerce, actual use of FDI in the Chinese mainland expanded 0.1 percent year on year in the first five months of 2023, at 574.81 billion yuan ($79 billion). In particular, FDI in manufacturing rose 5.9 percent year on year.

With ongoing reforms and opening-up policies, China remains an attractive destination for foreign investors looking to tap into its market and participate in its economic development.

Foreign enterprises have shown great confidence in China's economic development prospects and expressed their willingness to continue deepening their presence in the Chinese market.

Numerous multinational company executives, including Bill Gates, Elon Musk, and Tim Cook, have visited China this year. 

"We welcome foreign companies to invest and do business in China, explore the Chinese market and share the growth opportunities," said Chinese Foreign Ministry spokesperson Wang Wenbin at a press conference in June.

Reports from some foreign chambers of commerce in China indicate that over half of German companies surveyed plan to increase investment in China within the next two years; nearly 60 percent of American companies hold a positive attitude towards China's economic recovery; 86 percent of British companies are optimistic about the long-term potential of the Chinese market; and over 90 percent of Japanese companies plan to expand or maintain their presence in China, according to Wang.

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