Chinese Investment Slump Prompts New Effort to Woo Foreign Firms
- Foreign firms invested a net $4.5 billion in China in 2024
- Inflows were also down in January compared to last year
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China is renewing its efforts to attract foreign businesses, pledging more engagement and unveiling an action plan to ease restrictions after inbound investment tumbled last year to its lowest in over three decades.
The Commerce Ministry will visit foreign enterprises to better understand their needs and find solutions to their problems, Vice Minister Ling Ji said at a briefing Thursday. If certain issues can’t be immediately resolved, the ministry will coordinate with local authorities to ensure proper follow-up and resolution, Ling added.