A recent survey by the China Council for the Promotion of International Trade (CCPIT) reveals a significant surge in confidence among foreign-invested enterprises operating in China during the first quarter of the year.
More than 70% of the respondents expressed optimism about China’s market development prospects over the next five years, marking an increase of approximately 3.8 percentage points compared to previous findings. Additionally, over half of the surveyed companies found the Chinese market more appealing, an uptick of around 2.9 percentage points from the prior period.
In terms of profitability, a majority of respondents anticipate improved returns on their investments in China over the next five years, with nearly 60% of European firms sharing this positive outlook. Furthermore, the proportion of enterprises planning to increase their investments in China this year rose by 2.1 percentage points, with North American entities leading the momentum, surpassing the overall surveyed companies by 4.5 percentage points.
“The appeal of the Chinese market for foreign investment remains strong,” remarked Zhao Ping, spokesperson for the CCPIT. Zhao highlighted that China’s favorable investment climate and steadfast commitment to global engagement continue to bolster foreign investors’ confidence in the country’s future prospects.
The survey underscores China’s enduring attractiveness to global investors, reflecting the country’s resilient economic landscape and promising growth trajectory.
Reference(s):
cgtn.com
