Despite the COVID-19 pandemic clouding global economic recovery, foreign investors have seen a gush of opportunities and potential in China, which can be on par with famed Silicon Vally, said an analyst.
In an interview with Voice of America Chinese, Jacob Gunter, a senior analyst from German Mercator Institute for China Studies, explained that investors prefer markets with higher returns.
With a number of enterprises and factories back to production, China’s bounce-back from COVID-19 proved much better than others across the world, providing a secure environment for financial activities, Gunter said.
“In China’s market, there are still many rewarding chances and high-quality local companies,” he added.
According to data from Chinese Ministry of Commerce, the foreign direct investment into the Chinese mainland, in actual use, expanded 14.9 percent year on year to a record high of 1.15 trillion yuan (173.48 billion U.S. dollars) in 2021.