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Most foreign enterprises upbeat on prospects in China, 96% optimistic according to ministry’s survey

CKN
minutes 2021/04/30 07:58:14
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Apr 30, 2021 (China Knowledge) - According to China’s Ministry of Commerce’s (MOC) recent survey, 96.4% of the 3,200 surveyed foreign-funded enterprises are optimistic about their business prospects in China. The figure is 2.1% higher compared to the beginning of 2021.

MOC spokesperson Gao Feng said that 10,263 new foreign-funded enterprises were established in China in the first quarter of this year, up 47.8% YoY and 6.7% higher compared to the same period in 2019.

Foreign direct investment (FDI) into the China mainland surged 39.9% YoY in actual use to RMB 302.47 bln the first quarter, he said, adding that the figure rose 24.8% from the same period of 2019.

Gao said that the rapid growth was mainly driven by factors such as the stable recovery of the Chinese economy, increased confidence of foreign investors and improvement of the business environment.

He also noted the challenges attracting of foreign investment, including the pandemic, lukewarm cross-border investments, and restrictions on cross-border flow of people. He is confidence and believes the ministry will continue to expand opening up and optimize the business environment for foreign investment.

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