Foreign investors’ confidence in China surges in Q1

The night skyline of Beijing’s Central Business District (CBD) on November 27, 2023. /CFP

The night skyline of Beijing’s Central Business District (CBD) on November 27, 2023. /CFP

A recent survey by the China Council for the Promotion of International Trade (CCPIT) reveals a significant uptick in confidence among foreign-invested enterprises operating in China during the first quarter. 

More than 70 percent of respondents expressed bullish sentiments toward the Chinese market’s development prospects over the next five years, marking a notable increase of approximately 3.8 percentage points compared to previous findings. 

Additionally, over half of surveyed companies find the Chinese market more appealing, indicating a rise of approximately 2.9 percentage points from the previous period.

Operationally, majority of respondents anticipate improved profitability in their Chinese investments over the next five years, with European firms comprising nearly 60 percent of this optimistic outlook. 

Moreover, the proportion of surveyed enterprises planning to bolster their investments in China this year went up 2.1 percentage points, with North American entities leading the charge, 4.5 percentage points higher than the overall surveyed companies.

“The appeal of the Chinese market for foreign investment remains strong,” remarked CCPIT spokesperson Zhao Ping. China’s conducive investment climate, coupled with its unwavering commitment to global engagement, fortifies foreign investors’ confidence in the country’s prospects, Zhao added.

Source(s): Xinhua News Agency