Nation favored magnet for foreign investors

China will remain a favored destination for global investors, as the country has entered a new era of green and innovation-led growth, senior executives at multinational industrial conglomerates said, refuting claims of an outflow in foreign capital.

They said foreign capital inflows are expected to further stabilize and recover in 2024, as China's high-tech and green-related industries have emerged as key magnets for foreign investment.

The government's initiatives to further open up sectors such as manufacturing, financial services, healthcare and education to foreign businesses, are also contributing to this trend.