Foreign firms still keen to ramp up investment
China DailyMultinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem and access to research talent. The survey conducted by the country's top foreign trade and investment promotion agency also showed that nearly 70 percent of these companies expressed optimism about the market's outlook for the next five years. Wang Shouwen, vice-minister of commerce, said on Friday at a news conference in Beijing that as part of China's efforts to foster deeper economic integration, boost foreign trade and attract global capital, the government will continue to advance its accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement this year.