96% of foreign enterprises upbeat on prospects in China: MOC

Updated: April 30, 2021 Source: Xinhuanet.com
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A recent survey by the Ministry of Commerce (MOC) shows that 96.4 percent of foreign-invested enterprises are optimistic about their business prospects in China.

The figure represents a 2.1 percentage-point increase on the beginning of the year, according to the survey of over 3,200 foreign-funded firms.

In the first quarter of the year, 10,263 new foreign-funded enterprises were established in China, a surge of 47.8 percent year on year and up 6.7 percent from the same period of 2019, said MOC spokesperson Gao Feng.

Foreign direct investment into the Chinese mainland surged 39.9 percent year on year in actual use to 302.47 billion yuan (about 46.74 billion U.S. dollars) in the first quarter, he said, adding that the figure rose 24.8 percent from the same period of 2019.

Aside from the low base of the same period last year, the rapid growth was mainly driven by factors such as the stable recovery of the Chinese economy, continuous improvement of the business environment and enhanced confidence of foreign investors, Gao said.

He also noted challenges facing the attracting of foreign investment, including complex and grave pandemic situation and international circumstances, lukewarm cross-border investment and restrictions on cross-border flow of people. The ministry will continue to expand opening up and optimize the business environment to stabilize foreign investment, he said.

Editor: 王予