China Still a Priority Destination for Foreign Investment

A report from chinadaily.com.cn on Mar. 4th, 2024:

China will remain a key growth engine for the world economy as well as a valuable destination for foreign direct investment, thanks to the country’s stable economic recovery, sound long-term economic prospects and improving business environment underpinned by its unwavering reform and opening-up efforts, said global business leaders.

They said the country still provides plenty of business opportunities despite the current economic headwinds, with its consumption market, for instance, having great potential. China is also expected to show increasing vitality in green development and high-end industries such as life sciences, providing more business opportunities for both global and local enterprises.

“No one can displace China, in our opinion, when it comes to manufacturing, infrastructure, the knowledge of the people and the labor force,” said Rani Jarkas, chairman and CEO of Cedrus Group, at the CEO: Growing with China forum, hosted by China Daily on Thursday.

“The (Chinese) government did an amazing job in investing in infrastructure a long time ago and now it can reap the benefits from that.”

Chinese authorities can further attract foreign investment by promoting a level playing field between the State-owned enterprises and other companies through ensuring competitive neutrality and removing certain implicit guarantees, Ayhan Kose, the World Bank’s deputy chief economist, said at a webinar hosted by the International Finance Forum.