Despite a 28.2% decline in foreign direct investment (FDI) during the first five months of 2024, foreign investors continue to demonstrate strong confidence in the Chinese mainland's market prospects. According to data from the Ministry of Commerce, FDI totaled 412.5 billion yuan (approximately $57.94 billion) in this period.
While the FDI figures reflect a significant drop compared to the same timeframe last year, the Chinese mainland experienced double-digit year-on-year growth in the number of newly established foreign-invested firms. This trend suggests that investors are strategically positioning themselves to capitalize on emerging opportunities within China's evolving economic landscape.
The upcoming third plenary session of the 20th Communist Party of China Central Committee, set to be held in Beijing from July 15 to 18, will address further comprehensive reforms and the advancement of Chinese modernization. These initiatives are likely to reinforce investor confidence and sustain China's economic resilience amid global geopolitical tensions and fluctuating economic growth.
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Foreign investors remain confident about China's market prospects
cgtn.com
