International companies remain confident of China's economic prospects and vast market potential, a Chinese Commerce Ministry spokesman said on Thursday, following recent meetings between the ministry and business leaders from over 20 multinationals in China.
Ministry leaders recently met with executives from multinational companies across sectors such as electronic information, pharmaceuticals, semiconductors, automobiles, aviation, and food. The discussions focused on enterprise development in China and opportunities for expanding investment.
Global CEOs have been actively seeking new opportunities in China, drawn by its vast market, well-established industrial and supply chains, and strong capacity for technological innovation.
At a Thursday press conference in Beijing, He Yadong, spokesman for the ministry, highlighted the steady growth of China's economy since the beginning of this year, demonstrating resilience and vitality. He also reaffirmed China's commitment to high-level opening up and a market-oriented, law-based, and internationalized business environment despite global uncertainties.
"Many multinationals have expressed optimism about China's economic outlook and market potential, noting that the country's stability and certainty offer significant opportunities for business growth. They are willing to increase investment, strengthen innovative partnerships, and provide more high-quality products and services to China and the global market," said He.
Official data has shown that China remains a top destination for transnational investment. Some 60,000 foreign-invested companies were established in China in 2024 alone, a 9.9 percent year-on-year increase. The return rate of foreign direct investment in China has remained at approximately 9 percent over the past five years, ranking among the highest around the world.
Int'l companies optimistic about China's economic outlook, market potential
