Despite persistent narratives from Western media suggesting a decline in foreign investments, the Chinese mainland continues to attract significant international capital. Recent reports from sources like the Bundesbank highlight a 4.3% surge in German direct investments in China, reaching a new high of $12.7 billion last year. This marks the highest level of German investment in China since 2014, even as investments in other Asian nations remain steady.
Contrary to headlines such as Bloomberg's \"Foreign Direct Investment to China Slump to 30 Year Low,\" the reality paints a different picture. International businesses are not withdrawing but are entering the Chinese market with renewed vigor, driven by the country's robust economic resilience and favorable business environment.
German Chancellor Olaf Scholz's upcoming visit to China with a business delegation underscores the confidence European leaders have in China's commercial potential. This move aims to further solidify economic ties, reflecting a commitment to fostering deeper business relationships despite external pressures.
China's ascent to the top of the Kearney Foreign Direct Investment (FDI) Confidence Index 2023 for the first time in 25 years serves as a testament to its growing attractiveness as an investment destination. With a vast domestic market of 1.4 billion people, a burgeoning middle class, and advancements in manufacturing and high-tech industries, China offers unparalleled opportunities for international investors.
The continuous expansion of the middle class, coupled with improved cross-border business environments and supportive policies, ensures that China remains a pivotal hub for global investments. As foreign companies recognize the substantial purchasing power and innovative entrepreneurial culture within the Chinese mainland, their investment confidence remains steadfast, countering the narratives of decline propagated by some Western outlets.
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West propaganda can't demoralize foreign investors' confidence
cgtn.com
