China is looking for foreign investors, but in the long term
China is open to investment from all over the world and offers foreign companies the opportunity to participate even in the "big fish", ie in the control of large companies. if they engage fully in the internal market, a senior economic official said on Saturday.
Han Wenxiu, deputy director of the General Office of the Central Commission for Economic and Financial Affairs, made these statements during a forum in Beijing, in which he pointed to external pressures and an aging population as the main obstacle to the country's development .
He told the China Development Forum that the country will continue to expand market access and promote "institutional openness" of rules, regulations and standards.
“ We welcome companies from all over the world to invest in China, and we expect foreign investors to develop a long-term vision and fully engage in the Chinese market, so that they can cast a long line to catch a big fish” , Han said, according to Chinese media Caixin.
The China Development Forum is an annual event organized by the Development Research Center of the State Council. This year's conference was the first to be held in presence after the start of the Covid-19 pandemic.
China is looking to private companies and foreign investment to fuel domestic growth which has had some problems recently.
Han said China is a hot spot for foreign investors, attracting $189 billion in foreign capital last year compared to $144 billion in 2020 – a figure he described as the best example of foreign investor confidence in the country. . At the same time, Han admitted that China must overcome the demographic challenge and the hostility of external forces that want to contain and repress Beijing.
Earlier this month, the authorities set a growth target of "about 5%" for this year, one of the lowest in decades, but consistent with the domestic and international economic situation. Han said that this goal took into account the need to expand employment and improve people's living conditions, but also took into account several challenges.
“Judging by current developments, [we are] capable of achieving this goal,” Han said, adding that it is important to improve both the quality and quantity of economic growth. China will also try to protect logistics chains, but also invites other countries to do so.
Therefore, Beijing welcomes important foreign investments, even minor ones, as long as they are made with a long-term perspective. A remarkable openness that will also have to be verified in practice.
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The article China seeks foreign investors, but in the long run comes from Scenari Economics .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-cina-cerca-investitori-esteri-ma-a-lungo-termine/ on Sat, 25 Mar 2023 21:12:19 +0000.