Foreign investors remain optimistic about the long-term prospects of the Chinese market as the country has introduced a series of measures to improve the investment environment and create new opportunities, said a spokeswoman for the Ministry of Commerce said on Thursday.
China's State Council issued a statement in 2023 outlining its guidelines for further optimizing the foreign investment environment and intensifying efforts to attract foreign investments. The guidelines comprise 24 policies outlining 59 measures, all designed to enhance the investment climate.
"According to data from the National Bureau of Statistics, the total profits of foreign-funded industrial enterprises above designated size grew by 9.9 percent in the January-July period this year. During the same period, nearly 32,000 new foreign-funded enterprises were established in China, an increase of 11.4 percent year on year. This continues the trend of rapid growth in newly established foreign-funded enterprises since 2023, indicating that foreign investors remain optimistic about the long-term prospects of investing in China," said spokesman He Yongqian at a regular press conference in Beijing.
As of the end of July this year, 27 of the 59 measures have been completed. These include the introduction of regulations to promote and regulate cross-border data flow, the launch of pilot programs to further open up value-added telecommunications services to foreign investors, the establishment of a coordination mechanism for intellectual property protection in the centralized procurement of pharmaceutical products, and the continuous optimization of visa and immigration policies.
Foreign investors remain optimistic about long-term prospects of Chinese market: spokeswoman
Gov't supportive policies create new opportunities for foreign investment in China: spokeswoman
A remote village on China's southwestern border, where many residents only became Chinese citizens two decades ago, has been dramatically transformed by government-backed tourism initiatives and modern infrastructure development.
Daman Village, nestling in the mountains of Gelong Town in southwest China's Xizang Autonomous Region, has undergone a remarkable transformation over the past few years. What's so special about this village is that out of its 89 households, 57 were officially granted Chinese citizenship in 2003. Now, thanks to significant government investment, the village is becoming a burgeoning tourist destination.
The newly completed mountain-view guesthouses, which represent one of the key government-funded projects, offer breathtaking views of snow-capped peaks draped in mist from their balcony.
"The total investment so far has exceeded 60 million yuan (about 8.55 million U.S. dollars). We're also constructing a tourist reception center and renovating many homes into guesthouses. This project marks the largest one we've undertaken since the villagers became Chinese citizens 20 years ago. It will not only boost local employment but also significantly increase incomes," said Kunchok Dorjee, Party Secretary of Chongdui Village, which administers Daman Village.
This sum of money represents the largest government investment in Daman Village since its formal establishment. Beyond tourism, the funding has been used to rebuild the homes of all 89 families.
Daman, meaning "cavalry" in Tibetan, traces its roots back to Gurkha soldiers native to ancient Nepal who, after allegedly losing a battle with the Qing Dynasty (1644-1911) forces, became separated from their main army and remained stranded along the border.
For generations, their descendants roamed the borderlands between China, Nepal and India, without nationality or official status. Their long journey as a stateless people finally ended in 2003 when the Chinese government granted them citizenship, classifying them as Tibetan.
Xu Hongbin, originally from Chengdu City of southwest China's Sichuan Province, married a local woman from Daman Village. Reflecting on his first visit to the area a decade ago, Xu marveled at the changes the village has experienced in such a short period.
"A decade ago, there was only one road into the town. Now there are at least four. Everywhere you look, there are new buildings, guesthouses and restaurants. The development has been incredibly fast," he said.
Tourism fuels transformation in border village as residents mark 20 years of citizenship
