China’s Ministry of Commerce spokesperson emphasized on Thursday that the Chinese market remains highly attractive to foreign investment, countering claims of declining investment from the United States and the European Union (EU) in recent years.
According to spokesperson He Yadong, investment from the U.S. and the EU in 2022 amounted to 86 billion yuan, approximately 12 billion U.S. dollars, reflecting a substantial increase of 15.6 percent compared to 2018.
Yadong highlighted that since the start of this year, numerous senior executives from multinational corporations have visited China. These executives have expressed the view that the Chinese market is not merely an option but a strategic necessity. As a result, they have expressed their commitment to expanding their investments in China.
China is firmly committed to further liberalizing foreign investment regulations, including reducing the negative lists that specify restricted sectors for foreign investment. The goal is to ensure that China continues to be an appealing and conducive destination for foreign investors, stated the spokesperson.
Addressing the U.S. restrictions on semiconductor exports to China, He noted that such measures contravene market principles and create divisions within the global semiconductor market. He further emphasized that these restrictions not only harm the legitimate interests of Chinese enterprises but also undermine the interests of global semiconductor companies, including those in the United States.
China’s longstanding commitment to openness, inclusivity, and mutually beneficial cooperation remains unwavering. The country is dedicated to expanding its openness and promoting international scientific and technological exchanges, as well as fostering economic and trade cooperation, He asserted.
