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Foreign direct investment (FDI) in the Chinese mainland in actual use stood at 919.97 billion yuan (about 128 billion U.S. dollars) in the first nine months of the year, the Ministry of Commerce said Friday.
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The Chinese economy has sustained its recovery momentum with solid progress made in high-quality development in both the third quarter (Q3) and the first three quarters of this year, official data showed Wednesday.
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Global financial institutions, including JP Morgan, Citigroup and UBS, on Wednesday raised their 2023 growth forecasts for China after the country's economy expanded at a faster-than-expected pace in the third quarter.
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Given the sound economic performance in the first three quarters, China is confident to reach this year's growth target of around 5%, said Sheng Laiyun, deputy commissioner of the National Bureau of Statistics, at a press conference Wednesday.
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The Belt and Road Initiative unleashes massive opportunities for global companies, creating a promising environment for multinational corporations, business executives and industry experts said on Tuesday.
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After registering 6.3 percent GDP growth in the second quarter of 2023, China has pressed ahead with stimulus efforts, rolling out a policy mix to shore up market confidence and consolidate upward momentum.
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China's consumer spending reported robust growth in the first three quarters of 2023, with rapid expansion registered in services consumption.
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China will not follow in Japan's footsteps of the 1990s and fall into a so-called balance-sheet recession period characterized by income being used to pay down debt rather than spend, according to a top economist.
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Cooperation under the Belt and Road Initiative (BRI) has been a key force in driving global growth over the past decade when the world economy faces mounting challenges, including a sluggish recovery and rising protectionism.
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Heads of several multinational companies have said that they will continue to invest in China due to the country's strategic importance in their global operations as Vice-Minister of Commerce Wang Shouwen reiterated that the Chinese government accords high attention to foreign-invested enterprises.
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Economic Watch: Chinese e-commerce platforms expedite cross-border trade
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China will likely remain the biggest contributor to global growth this
year and next despite recent economic headwinds from the real estate
sector, the International Monetary Fund said on Friday.
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China's total goods imports and exports continued to improve in September, with the trade volume reaching a new monthly high of this year, official data showed Friday.
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From 2013 to 2022, the total trade between China and Belt and Road Initiative (BRI) partner countries reached US$19.1 trillion, with an average annual growth rate of 6.4%, according to a press briefing Tuesday.
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