Ministry of Commerce: China is not only the “stabilizer” of the global economy, but also the “must-have destination” for multinational companies planning for the future.

Vice Minister of Commerce Yan Dong stated that currently, the global economic landscape is undergoing profound adjustments, and the uncertainty of the world economic recovery is increasing. At the same time, a new round of technological revolution and industrial transformation is accelerating, with new tracks such as digital economy, green low-carbon, and advanced manufacturing thriving. Global companies are seeking stable markets, high-quality business environments, and long-term cooperation opportunities more than ever. China is unwavering in its commitment to expanding high-level opening-up, releasing the dividends of a super-large-scale market, and more vigorously attracting and utilizing foreign investment, providing solid institutional guarantees and broad market space for various market entities, including multinational corporations, to deepen their roots in China and plan for the long term. In the first quarter of this year, China's gross domestic product grew by 5% year-on-year, achieving a good start. From January to April this year, the country established over 20k new foreign-invested enterprises, a year-on-year increase of 6.8%, among which more than 3,000 foreign-invested companies have made additional investments; the actual use of foreign capital in high-tech industries reached 116.33 billion yuan, a year-on-year increase of 20.3%. The latest surveys by several foreign chambers of commerce show that many multinational companies plan to increase their investments in China. These situations fully demonstrate that China is not only a "stabilizer" of the global economy but also a "must-choice" for multinational companies to plan for the future. (People's Financial News)
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