China is the leading destination for transnational investment, with nearly 1.24 million foreign-funded firms by 2024. The nation has seen a 9.9% increase in new foreign-invested companies and maintains a high return rate on foreign direct investment. The Chinese government aims to support foreign investors and ensure equal treatment across various sectors.

According to recent official data, China remains the leading destination for transnational investment, welcoming foreign enterprises to engage in the nation’s economy, as stated by Mao Ning, spokesperson for the Chinese foreign ministry, during a press briefing. As of 2024, China boasts nearly 1.24 million foreign-funded companies, with actual foreign investment totaling approximately 20.6 trillion yuan (equivalent to 2.87 trillion U.S. dollars).

In 2024, around 60,000 foreign-invested companies were established in China, marking a 9.9 percent increase compared to the previous year. The return on foreign direct investment (FDI) in China has consistently remained near 9 percent over the last five years, placing it among the highest globally. Additionally, the government’s work report emphasizes that China intends to promote increased reinvestment from foreign investors.

Mao Ning further elaborated that the Chinese government is committed to ensuring equal treatment for foreign-funded enterprises across various sectors, including access to production factors, license applications, standard-setting, and government procurement processes. She highlighted that regardless of changing external conditions, China remains dedicated to its promise of high-level opening-up to foreign investment and seeks to foster mutual development opportunities.

In conclusion, China continues to be a significant hub for transnational investment, as evidenced by the increase in foreign-funded companies and substantial foreign investment figures. The commitment to equal treatment for foreign enterprises and encouragement of reinvestment illustrates China’s long-term strategy to integrate and benefit from global investment, thereby promoting shared economic growth.

Original Source: english.news.cn

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