What has made china an attractive destination for foreign investment?
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Answers
China’s use of foreign capital has performed well despite the continuous decrease in worldwide foreign direct investment (FDI). In 2017, China attracted investments worth $136 billion, breaking the historical record, and it has maintained positive growth in the first half of this year, according to the World Investment Report released by UNCTAD in June 2018.
An important reason behind China’s flourishing FDI is expanding market opportunities. China’s industrial structure is keeping up with economic development, which requires more high-quality services, such as medical care, financial products, and cultural communications. Multinational companies are believed to have certain advantages in these areas, said Sang Baichuan, a professor at the University of International Business and Economics.
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