On October 22, Vice Minister of Commerce Jiang Chenghua said at the press conference of the State Information Office that China is facing many adverse factors in absorbing foreign investment this year, and some people are even arguing that China's economic development prospects and investment environment are weakening. In this regard, he believes that the international community and foreign-funded enterprises have the most say in whether China's investment environment is good or not. The 26th Investment Fair held last month attracted more than 1,200 government agencies, business and enterprise groups from 129 countries, regions, and 30 international organizations. The number of participating countries and groups all reached record highs, reflecting the long-term trend of global investors continuing to be optimistic about the Chinese market and seize opportunities in China. Jiang Chenghua pointed out that foreign investors are now more willing to reinvest. In the first nine months, the reinvestment of foreign profits reached 93.99 billion yuan, an increase of 4.7% over the previous year. Foreign-funded reinvestment projects continue to be implemented in fields such as artificial intelligence, biomedicine, aerospace, and green chemicals. Judging from the latest investment promotion structure, industries related to new quality productivity have become a new track for foreign investment.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.