Increasing attractiveness to foreign investment demonstrates China’s well managed regulatory environment
While major economies around the world are still struggling with economic downturn amid COVID-19 resurgence, only China’s economy has bounced back after bringing the coronavirus mostly under control and overtaken the US to become the world’s top recipient of investment flows. In the first four months of this year, 14,533 new foreign enterprises were established in China, up 50.2 percent year-on-year, according to latest data realeased by China’s commerce ministry.
The fundamental reason why China has become the most attractive destination for global capital amid the pandemic is because China’s economic governance has withstood the severe test of the coronavirus and fully demonstrated its resilience.
First, China’s efficient fight against the coronavirus and production resumption have largely dispeled foreign concerns about the risk of uncertainty.
In the fight against the…