The Chinese Market Is A Must Choose

The Chinese market is a “must choose”! Multinational companies increase investment in China and deepen their penetration into the Chinese market
CCTV News: On September 15, the Ministry of Commerce released data showing that from January to August 2023, 33,154 new foreign-invested enterprises were established nationwide, a year-on-year increase of 33%; the actual amount of foreign capital used was 847.17 billion yuan, a year-on-year decrease of 5.1% . Experts point out that the substantial growth in newly established foreign-invested enterprises across the country shows the confidence of foreign businessmen in long-term investment in China.
There are two reasons for the year-on-year decrease in actual use of foreign capital.
First, the world economy is recovering slowly and global cross-border investment is weak. The United Nations Conference on Trade and Development's "World Investment Report 2023" states that global foreign direct investment will fall by 12% in 2022 and will still face greater downward pressure in 2023. According to a report released by the Organization for Economic Cooperation and Development in July, it is initially estimated that global foreign investment will fall by 25% year-on-year in the first quarter of 2023.
Second, the base number for the same period in 2022 is relatively large. In the three years from 2020 to 2022, China overcame the overall downturn in global cross-border investment and the adverse effects of the COVID-19 epidemic, continuously increased its efforts in foreign investment, and achieved sustained and stable growth in absorbing foreign investment. In 2022, the scale of foreign investment attracted by China has exceeded 1.2 trillion yuan, setting a new record high, with an average growth rate of 8.6% in three years. In the first eight months of 2022, the actual amount of foreign capital used was also the highest in the same period in history.
Foreign investment is a market behavior and periodic fluctuations are normal.
Ministry of Commerce spokesperson He Yadong said on September 14 that since 2023, many multinational company executives have visited China intensively. They generally stated that the Chinese market is not an "optional" but a "must" and will continue to increase investment in China. , Deeply explore the Chinese market.
In August 2023, the State Council issued the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing Efforts to Attract Foreign Investment." Focusing on the outstanding concerns of foreign-invested enterprises, a new batch of 24 targeted policies and measures were launched. The Ministry of Commerce will actively carry out the "Invest in China Year" series of activities to further deepen regular exchanges and communication with foreign-funded enterprises and continue to create a market-oriented, legal and international first-class business environment.