ZHANG YUJUN/FOR CHINA DAILY
Thanks to introduction of favorable policies, the pressure on foreign investment has been alleviated
Opening to the outside world is a fundamental national policy for China, of which a primary task is to effectively utilize foreign investment. Since the launch of reform and opening-up, especially after joining the World Trade Organization, foreign-invested companies have become an integral part of China”s economy, playing a crucial role in China’s rapid integration into the global value chain.
However, foreign investment flows into China are under short-term pressure due to uncertainties in the external environment, including in-depth restructuring of the global value chain, supply-demand imbalances, and high financing costs.
During the global economic downturn, industry chain changes driven by nearshoring and…