Foreign investors' confidence in Chinese market grows: Kearney

Vehicles run at the Central Business District (CBD) in Chaoyang District in Beijing, capital of China, June 6, 2022. (Xinhua/Ju Huanzong)

The Global Business Policy Council, a unit under global management consulting firm Kearney, on March 31 released the 2023 Foreign Direct Investment Confidence Index (FDICI) report which showed that foreign investors' confidence in investing in China is on the rise, reported China Securities Journal.

It has been 25 years since the first release of the FDICI report which aims to understand investors' views on the future flow of FDI through surveys.

This year's report showed that China's ranking has jumped from 10th to 7th. Besides, 82 percent of the interviewees voiced plans to increase FDI in the next three years, and 86 percent of the interviewees believed that FDI will play a more important role in the profitability and competitiveness of their enterprises in the next three years.

The report has, for the first time this year, a separate ranking of emerging markets, aiming at giving corporate leaders insight into which emerging markets are most attractive to investors.

China, India, the United Arab Emirates, Qatar, Thailand and Saudi Arabia are the top six in the index list of FDI confidence in emerging markets. Brazil, Mexico and Argentina ranked the seventh, eighth and ninth, respectively, while Malaysia, Indonesia, the Philippines and Vietnam ranked the 10th to 13th.