Better-than-expected FDI reflects confidence

Amid its pursuit of high-quality development and economic structural upgrades, China has become increasingly attractive to foreign investors due to long-term development prospects and a continuously improving business environment.

The Ministry of Commerce said actual use of foreign capital surged 37.9 percent year-on-year to hit 243.7 billion yuan ($38.4 billion) during the first two months of the year. In US dollar terms it was up 45.2 percent year-on-year, the MOC said. The whole economic growth was better than expected in the first two months.

Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation, said the better-than-expected performance in attracting foreign direct investment reflects foreign investors’ confidence in the nation’s development prospects, and the growing significance of the Chinese market for them.