Country can overcome challenges by adhering to top-level guidance

Against the backdrop of sluggish global transnational investment and intensifying international competition for investment, China faces a grim and complex situation in attracting foreign investment. The action plan for stabilizing foreign investment and other arrangements for stabilizing foreign investment that the State Council adopted on Monday, transmit a clear signal that the country will make great efforts to attract foreign investment.

In 2024, China's actual use of foreign capital was 826.25 billion yuan ($113.06 billion), down 27.1 percent year-on-year, but at the same time it saw 59,080 foreign-funded enterprises newly established, an increase of 9.9 percent year-on-year, which is sound evidence that China is still a hot destination for foreign capital.

To attract the inflow of foreign capital, it was made clear at Monday's executive meeting that China will deepen trials of opening-up in relevant fields, implement the full lifting of restrictions on foreign investment in the manufacturing sector, improve the comprehensive pilot opening-up of the service sector, and expand the scope of industries to encourage foreign investment.