China has not and will not see major flight of foreign capital

2020-08-04 21:40:51CGTN Editor : Gu Liping ECNS App Download

There has been no major flight of foreign capital or relocation of supply chains in China, said a Foreign Ministry spokesperson on Tuesday.

Some politicians recently advocated the removal of China from the global industrial chain, proposing countries pay their enterprises "moving costs" to let them leave China.

In response, FM spokesperson Wang Wenbin said, "China has not and will not see major flight of foreign capital. Instead, many foreign investors are increasing investment in the Chinese market as they are attracted by China's steady economic recovery, optimized business environment and huge market advantage and potential."

Foreign companies remain upbeat on the Chinese market

China has taken measures to control the coronavirus epidemic while promoting resumption of work and production. In the second quarter of this year, China posted a GDP growth of 3.2 percent, becoming the first economy to recover from the pandemic, said Wang. 

As much as 99.1 percent of foreign-funded enterprises in China indicated their operations in the world's second-largest economy will continue, according to a recent survey conducted by China's Ministry of Commerce. 

The U.S.-China Business Council's latest survey of some 150 companies also shows that China's measures to further open up and optimize its business environment in the past few years have created convenience for foreign companies' production and operation in China, and the U.S. companies are still upbeat on the Chinese market, said Wang.

As compared to the past, more well-known companies are signing up for the the third China International Import Expo (CIIE), and the average exhibition area for companies in the Fortune Global 500 and industry-leading enterprises is set to edge up by 14 percent as compared to the second CIIE, said Wang.

"This fully demonstrates global companies' strong interest and confidence in China's economic growth and development prospects. China hopes to work with other countries to bake a bigger cake and seek common interests," said Wang.


Most popular in 24h

MoreTop news


Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2020 All rights reserved.
Reproduction in whole or in part without permission is prohibited.