According to a recent survey conducted by the China Council for the Promotion of International Trade (CCPIT) during the second quarter of 2023, the overwhelming majority of foreign-funded companies operating in China are highly content with the country’s business environment and demonstrate unwavering confidence in the Chinese market.
The survey reveals that foreign firms hold an overwhelmingly positive view of the business environment in China, encompassing aspects such as market access, tax payments, dispute resolution, and market competition. Nearly 90 percent of the surveyed enterprises expressed their satisfaction with these factors, as highlighted by Sun Xiao, an official with the CCPIT, during a press conference on Friday.
The optimistic outlook of foreign companies towards their development in China is particularly noteworthy. More than 80 percent of respondents expressed their belief that their return on investment will either remain stable or increase in 2023, signaling robust confidence in the country’s economic prospects.
The survey further sheds light on the critical factors that drive foreign firms’ investments in China. Among the key drivers are the country’s extensive market size, preferential policies, and the reliable integrity of its industrial and supply chains.
This positive feedback from foreign businesses reflects China’s ongoing efforts to create a conducive and attractive business landscape for international investors. With a supportive and accommodating atmosphere, foreign companies are finding opportunities to thrive and grow in the Chinese market.
The CCPIT’s survey underscores China’s commitment to fostering a favorable business environment, offering both foreign and domestic enterprises an optimal platform for growth and success. As China continues to prioritize openness, innovation, and the protection of investor rights, it is poised to remain an appealing destination for foreign investment in the foreseeable future.