Investing in China for a win-win future has become a common consensus among global investors, FM comments on US-China Business Council report

Chinese Foreign Ministry spokesperson Guo Jiakun

Investing in China for a win-win future has become a common consensus among global investors, Guo Jiakun, a spokesperson of Chinese Foreign Ministry said on Wednesday. 

The remarks were made in response to a recent report from the showed that 82 percent of American companies operating in China reported profits, and many companies stated that uncertainties in China-US relations and tariffs are their top concerns, but they still consider the Chinese market crucial.

Guo cited data that as of March this year, foreign investors have established a total of 1.24 million enterprises in China, with investments nearing $3 trillion. While contributing to China’s reform and opening-up, the foreign companies in China have generally seized growth opportunities and reaped substantial returns. 

Data also showed that in the first half of this year, the number of newly established foreign-funded enterprises in China achieved double-digit growth, Guo added. 

At the recently concluded third China International Supply Chain Expo, the number of participating countries and regions expanded from 55 in the first edition to 75, with the number of US exhibitors increasing by 15 percent compared to the previous edition, remaining the highest among overseas exhibitors. 

In terms of company size, over 65 percent of the exhibitors were Fortune 500 companies and industry leaders. 

“Foreign-funded enterprises have cast a vote of confidence in China’s economic prospects through their actions,” Guo said. 

Guo said that the Chinese government has recently introduced new measures to encourage foreign investment, demonstrating its sincerity and determination to advance high-level opening-up. 

We welcome companies from all countries, including the US to participate in Chinese modernization drive and achieve greater success by integrating into the process of high-quality development, Guo said.

Global Times