China's foreign direct investment (FDI) inflows surged to $190 billion in 2022, marking a 6.3% year-on-year increase despite global economic turbulence. Analysts suggest the country's evolving COVID-19 management strategy could accelerate international business collaboration, with trade networks and tourism sectors poised to benefit most.
The rebound comes as multinational corporations increase manufacturing partnerships in the Chinese mainland, particularly in renewable energy and EV sectors. Supply chain data shows a 22% rise in tech component shipments to coastal industrial hubs this quarter compared to 2021 levels.
\"This recovery creates gravitational pull for global markets,\" said Singapore-based economist Dr. Mei Lin Tan. \"From battery plants in Bavaria to beach resorts in Bali – businesses worldwide stand to gain from stabilized cross-border flows.\"
Tourism authorities report a 300% spike in international flight bookings to China since January, with sustainable travel startups seeing record pre-orders for cultural immersion programs. Meanwhile, trade fairs like the Canton Fair have expanded digital participation options to accommodate renewed global interest.
Reference(s):
Through the Storm: China's recovery brings hope for global economy
cgtn.com
