FDI rise confirms nation's economic pull

Foreign direct investment in China has grown 17 percent year-on-year to 798.33 billion yuan ($117.56 billion) in the first seven months of this year, indicating that the country's ability to attract capital is intact despite challenges threatening the recovery of the global economy, said experts and executives of international companies on Thursday.

Thanks to its highly concentrated supply chains, close global linkages and flourishing domestic market, China has seen its actual use of foreign capital surge, the Ministry of Commerce said.

Although supply chains in the Yangtze River Delta region were disrupted by the COVID-19 pandemic in the second quarter, China remained a growth engine for multinational companies, and the government has vowed to make the nation a place where MNCs can "dare to invest", said Zhang Yongjun, a researcher at the China Center for International Economic Exchanges in Beijing.