China has continuously implemented new measures to improve industries and attract investment
The executives of many multinational companies have declared that they see China as one of the main investment destinations and consequently, to be interested in continuing to expand investments in the country, thus benefiting from greater benefits.
“We will continue to invest in China and we will take advantage of it,” said Harley Seyedin, President of the American Chamber of Commerce (AmCham) in southern China, at the 2019 Chinese International Investment and Trade Fair (CIFIT) and the Belt and Road Investment Congress, which was held in the southeastern coastal city of Xiamen.
For its 17th participation in the Congress, AmCham South China involved over 100 companies in the event, including large multinationals such as Apple, Deloitte, Johnson & Johnson, Nike and KPMG.
All companies close to AmCham that invested in China have seen excellent profits in 2018
AmCham said in a report that almost all associated companies that invested in China remained profitable in 2018, while still developing a strong interest in investing in the country. The reasons are mainly to be found in the growth potential of the Chinese market and its high return on investment.
In fact, China has continuously implemented new measures to improve industries and attract investment. “This aid has provided strong support for the development of multinational companies in China,” said Cai Hua, director of government affairs for the Chinese office of the OSI Food Robot Group.
An interest in China, in the last period, has also arrived from many European countries
Moreover, China has maintained steady growth in attracting foreign investments according to the latest 2019 Global Investment Report, published by the United Nations Conference on Trade and Development (UNCTAD).
The report also shows that global foreign direct investment fell 13% year-on-year to $ 1.3 trillion in 2018, with weak growth in international investment. However, China has attracted $ 139 billion in foreign investment in 2018, representing over 10% of total investment worldwide. China, with these numbers, is confirmed as the second-largest recipient of foreign investments in the world.
An interest in China, in the last period, has also arrived from many European countries. From the old continent, in fact, countries don’t want to miss an important occasion like the one represented by the innovative Belt and Road Initiative. Confirmation is its interest in the Asian country by Spain, France and Germany. The latter, in particular, seems to have intensified relations with the province of Hubei, with Angela Merkel in the foreground to take the matter forward.
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