Foreign investment drawn to advantages of country's high-standard opening-up

The State Council Information Office announced on Tuesday that the seventh Qingdao Multinationals Summit will be held in Qingdao, Shandong province, from June 15 to 17, and that more than 350 foreign executives from 36 countries have confirmed their attendance.

This latest event, along with a flurry of recent international trade and investment promotion activities, highlights the confidence of foreign companies in the world's second-largest economy. The sustained influx of foreign investment into China, even as global foreign direct investment trends downward, is a testament to China's unique positioning in the world economy.

China's allure as a destination for foreign investment is evident in the latest data from the Ministry of Commerce: from January to April this year, 20,113 new foreign-invested enterprises emerged nationwide, a 6.8 percent increase year-on-year. This growth is not merely a fleeting trend but part of a broader trajectory that has seen the number of foreign-funded enterprises in China rise consistently over the past three years, surpassing 530,000 and collectively channeling over $3.6 trillion into the economy.