{"id":13204,"date":"2022-11-02T18:45:00","date_gmt":"2022-11-02T18:45:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3923276_AE23276_0"},"modified":"2022-11-02T18:45:00","modified_gmt":"2022-11-02T18:45:00","slug":"cgtn-foreign-capital-positive-on-chinese-market","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=13204","title":{"rendered":"CGTN: Foreign capital positive on Chinese market"},"content":{"rendered":"

BEIJING<\/span>, Nov. 3, 2022<\/span> \/PRNewswire\/ — The majority of foreign-funded enterprises remain positive on the Chinese market, as China<\/span> has vast opportunities in the coming years with unremitting opening-up efforts, an improved business environment and a bright market growth outlook.<\/p>\n

The successful conclusion of the 20th National Congress of the Communist Party of China<\/span> has further boosted foreign enterprises’ confidence in the market, according to a survey released on October 27<\/span> by the China Council for the Promotion of International Trade (CCPIT).<\/p>\n

Among the more than 500 foreign enterprises surveyed, 96.7 percent affirmed China’s<\/span> development achievements over the past decade and 96.9 percent expressed stronger confidence in the Chinese market.<\/p>\n

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China<\/span> 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.<\/p>\n

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.<\/p>\n

Attractive Chinese market<\/b><\/p>\n

Such uplifting sentiment among foreign businesses was also reflected in China’s<\/span> foreign direct investment (FDI) figures. In the first nine months of 2022, China’s<\/span> FDI inflow in actual use topped $155.3 billion<\/span>, a year-on-year increase of 18.9 percent, data from the Ministry of Commerce (MOFCOM) showed.<\/p>\n

From January to September, investment from Germany<\/span> jumped 114.3 percent on an annual basis, while investment from South Korea<\/span> surged 90.7 percent, from Japan<\/span> 39.5 percent and the UK 22.3 percent, according to MOFCOM.<\/p>\n

China<\/span> is leading the world in foreign capital inflows. <\/b>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.<\/p>\n

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Improving business environment<\/b><\/p>\n

In Q1, roughly 90 percent of foreign-funded enterprises were satisfied with China’s<\/span> policies concerning market access, promotion of market competition, access to business premises and financial services.<\/p>\n

A separate survey released by the CCPIT on October 27<\/span> showed that nearly 80 percent of foreign firms surveyed have maintained their current scale of production and business in China<\/span>, while more than 5 percent have expanded investment as they prioritize strategic development in China<\/span>.<\/p>\n

https:\/\/news.cgtn.com\/news\/2022-11-01\/Graphics-Foreign-capital-still-positive-on-Chinese-market-1eC4WjVN27u\/index.html<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

BEIJING, Nov. 3, 2022 \/PRNewswire\/ — 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 […]<\/p>\n","protected":false},"author":8,"featured_media":13205,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-13204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nCGTN: Foreign capital positive on Chinese market - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=13204\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CGTN: Foreign capital positive on Chinese market - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Nov. 3, 2022 \/PRNewswire\/ — 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. 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