The China Council for the Promotion of International Trade (CCPIT) recently released a survey on China’s business environment for foreign-invested companies in the fourth quarter of 2023. Among the 600 foreign-invested companies surveyed, nearly 70 percent are upbeat about China’s market over the next five years and companies surveyed are increasingly satisfied with China’s business environment.
The report on China’s business environment for foreign-invested companies in the fourth quarter of 2023 shows that over 90 percent of foreign-invested companies surveyed rated China’s business environment as “satisfied” or above and over 90 percent of them think that the Chinese market is attractive.
Among those surveyed, about 93 percent expect the profit of their investment in China to remain at the current level or increase in the next five years, up by 5.8 percentage points from the previous survey. Also a recent report released by the American Chamber of Commerce shows that half of US companies surveyed see China as the top or among the top three global destination for investment, up by 5 percentage points compared with 2022.
Recently the IMF upgraded its forecast for China’s economic growth in 2024, revised the 2024 world economic outlook up to 3.1 percent and believes that China’s accelerated economic recovery serves as an important driver for global growth.
“China embraces investments from businesses of all countries with open arms, and will continue to foster a market-oriented, law-based and world-class business environment to share with the world the new opportunities brought by Chinese modernization and pursue common development,” noted China’s Foreign Ministry Spokesperson Wang Wenbin.
