China's top trade promotion body: China remains an attractive destination for foreign investment

Nearly 60 percent of the foreign-invested enterprises in China say they plan to increase investment in the country, said Wang Wenshuai, a spokesperson for the China Council for the Promotion of International Trade (CCPIT), citing a recent survey at a press conference on Wednesday.

This underscores the continued appeal of the Chinese market as a fertile ground for foreign investment, Wang added.

The China Business Climate Survey, conduced by the American Chamber of Commerce in China, shows nearly half of the responding companies ranked China among their top three global investment destinations. Moreover, close to half of the respondents reported being profitable or very profitable in operating their business in China over the past year, while 67 percent of the responding companies stated that they have not considered relocating production or procurement outside of China.

China's outbound investment has also posted steady growth, ranking among the world's top three for nine consecutive years, while continuing to draw foreign investment. Sharing details of a soon-to-be-released report by the CCPIT, Wang revealed around 80 percent of surveyed companies said they planned to expand or maintain their overseas investment, while close to 90 percent expressed optimism about the outlook for China's outbound investment.

Meanwhile, the global economic and trade environment remains challenging, with the latest Global Economic and Trade Friction Index standing at a high level of 101 in November. The European Union, the United States, and South Korea ranked as the top three among the 20 monitored countries and regions, Wang noted.