PR98603

BEIJING, Nov. 3, 2022 /PRNewswire=KYODO JBN/ --

The majority of foreign-funded enterprises remain positive on the Chinese

market, as China has vast opportunities in the coming years with unremitting

opening-up efforts, an improved business environment and a bright market growth

outlook.

The successful conclusion of the 20th National Congress of the Communist Party

of China has further boosted foreign enterprises' confidence in the market,

according to a survey released on October 27 by the China Council for the

Promotion of International Trade (CCPIT).

Among the more than 500 foreign enterprises surveyed, 96.7 percent affirmed

China's development achievements over the past decade and 96.9 percent

expressed stronger confidence in the Chinese market.

China has been striving to create new opportunities for the world through its

own development. The China International Import Expo (CIIE) is such a move to

actively open the Chinese market to the world.

This year's CIIE has attracted 284 Fortune Global 500 and industry-leading

companies. Nearly 90 percent of Fortune Global 500 and industry-leading

companies who attended last year's event are returning this year. Rio Tinto,

BHP Group, ThyssenKrupp and Gilead Sciences are among the Fortune Global 500

companies making their CIIE debut.

Attractive Chinese market

Such uplifting sentiment among foreign businesses was also reflected in China's

foreign direct investment (FDI) figures. In the first nine months of 2022,

China's FDI inflow in actual use topped $155.3 billion, a year-on-year increase

of 18.9 percent, data from the Ministry of Commerce (MOFCOM) showed.

From January to September, investment from Germany jumped 114.3 percent on an

annual basis, while investment from South Korea surged 90.7 percent, from Japan

39.5 percent and the UK 22.3 percent, according to MOFCOM.

China is leading the world in foreign capital inflows. Its global share of FDI

in the first quarter (Q1) of 2022 was 19.5 percent, ranking first in the world,

according to the Organization for Economic Cooperation and Development.

Improving business environment

In Q1, roughly 90 percent of foreign-funded enterprises were satisfied with

China's policies concerning market access, promotion of market competition,

access to business premises and financial services.

A separate survey released by the CCPIT on October 27 showed that nearly 80

percent of foreign firms surveyed have maintained their current scale of

production and business in China, while more than 5 percent have expanded

investment as they prioritize strategic development in China.

https://news.cgtn.com/news/2022-11-01/Graphics-Foreign-capital-still-positive-on-Chinese-market-1eC4WjVN27u/index.html

SOURCE  CGTN

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