Over 100 top executives from global corporations attended the China Development Forum and Bo’ao Forum for Asia in late March to demonstrate their growing interest in China after its three-year pandemic lockdown ended. From January to February, the disbursement of foreign investment hit US$39.71 billion, up 1 percent year-on-year. Over the past three years, China’s actual use of foreign investment increased from US$144.4 billion in 2020 to US$189.1 billion in 2022, a record high. With the shift of labor-intensive manufacturing bases to Southeast Asian countries, China is focusing more on the Regional Comprehensive Economic Partnership trade deal with high value-added production. Meanwhile, Chinese governments at all levels are sending signals of a fairer business environment, aligning with the high standards of international economic and trade rules in order to better protect intellectual property rights and lure high-quality overseas investment.
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