July 20, 2022
According to People’s Daily, multinational corporations expressed optimism about China’s economic prospects and strengthened their resolve to increase investment in the country as a result of the country’s positive GDP growth in the first half of the year, enormous market potential, and continuously improving business environment.
The world’s main economies tended to tighten their fiscal and monetary policies as stagflation threats increased globally. In the first half of the year, China’s GDP increased by 2.5 percent year over year despite being in a challenging international climate.
China continues to be one of the most significant destinations for international investors, according to a report published in June by the Chinese Academy of International Trade and Economic Cooperation. Foreign firms have seen a continuous increase in investment in China.
In order to further support the growth of multinational firms in China, China has released a number of measures that optimize the environment for foreign investment, enhance government services, and strengthen law enforcement.
High-tech industries and digital transformation have recently emerged as new growth sectors for investment for multinational corporations.
Economic data from the first half of the year showed that China’s high-tech manufacturing industry added value increased by 9.6 percent on a yearly basis, with the sectors of computers, communications, and other electronic equipment growing by 10.2 percent.
China’s economic recovery in the post-epidemic era has received considerable impetus thanks to enterprise digital transformation, according to a report published by the international consultant Accenture last year.
Source: ChinaDaily.com
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