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 the Chinese mainland 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 the surveyed companies find the Chinese market more appealing, indicating a rise of approximately 2.9 percentage points from the previous period.
Operationally, the 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 the Chinese mainland 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. \"The Chinese mainland's conducive investment climate, coupled with its unwavering commitment to global engagement, fortifies foreign investors' confidence in the country's prospects,\" Zhao added.
Reference(s):
cgtn.com
