🌏 Global investors are showing big-time confidence in China's booming economy! Despite ups and downs, they're upping their game and investing more in the Chinese mainland. 🎉
According to the latest data from the Ministry of Commerce, China's actual foreign direct investment (FDI) reached over 1.13 trillion yuan (about $158.89 billion) in 2023. Sure, that's an 8% dip compared to 2022, but it's still the third highest in history! 🥉
Plus, the number of new foreign-invested enterprises in China skyrocketed to 53,766 last year—a whopping 39.7% increase year-on-year. 📈
Big names are making moves! 🚀 Airbus opened its first aircraft lifecycle service center outside Europe in Chengdu, and KFC now has over 10,000 stores across China as of December 2023. 🍗
A survey by the European Chamber of Commerce in China showed that about 59% of companies see China as one of their top three investment spots. 🌟
\"China's economy has sufficient internal driving force and great potential for sustained growth,\" says Tian Xuan, vice dean of Tsinghua University's PBC School of Finance. 💪
At this year's Two Sessions, the Chinese government set an ambitious economic growth target of around 5% for 2024. Premier Li Qiang mentioned that this goal balances boosting employment, incomes, and managing risks. 🏦
Experts believe that hitting around 5% growth is totally achievable. Zhou Li'an, a professor at Peking University, thinks it will boost confidence, guide expectations, and build consensus on development. 🚀
Over the past decades, China's economy has overcome challenges like the COVID-19 pandemic, natural disasters, and the global financial crisis, maintaining growth and energizing the global economy. 🌐
Since 2014, China's GDP has smashed milestones, surpassing 60 trillion yuan in 2014, 80 trillion yuan in 2017, 100 trillion yuan in 2020, and recently crossing the 110 trillion yuan and 120 trillion yuan marks despite the pandemic. 🎯
In 2023, China's economy grew by 5.2%, adding over 6 trillion yuan (around $845.33 billion) in comparable prices. That's like achieving 10% growth from ten years ago! 🔥
Sure, there are challenges ahead—like external uncertainties and over-capacity in certain sectors—but insiders believe China has the advantages to keep growing. With a vast market, a complete industrial system, and a huge, skilled workforce, the future looks bright. 🌞
\"The Chinese economy enjoys capability, advantages, and opportunities to sustain growth, and the long-term positive trend remains unchanged,\" says Wang Changlin, vice president of the Chinese Academy of Social Sciences. 🌠
Ready to see what the future holds? Investors certainly are! 💼🚀
Reference(s):
Foreign investors, experts confident about China's economic potential
cgtn.com
