Over 99% foreign firms optimistic about China's economy in 2023: CCPIT

28 Dec '22

1 min read

Pic: Shutterstock/ Frame China

More than 99 per cent of foreign firms surveyed in China expressed confidence in China’s economic outlook for 2023, as per the China Council for the Promotion of International Trade (CCPIT). Around 91 per cent of such firms in the country are positive about the country’s response to the COVID-19 situation.

About 98.7 per cent of the firms stated that they will retain and increase their investment in China, according to a survey of more than 160 foreign firms, commerce chambers, and associations conducted by the CCPIT, the nation’s leading trade-facilitating body.

“The surveyed foreign enterprises said that China’s economy is resilient and has strong comprehensive competitive advantages in market potential, industrial systems, infrastructure, and business environment,” CCPIT spokesperson Yang Fan was quoted as saying by local media reports.

Moreover, 89.8 per cent of the firms in the survey revealed that they would maintain their local industrial chains and 10.2 per cent intended to shift overseas industrial chains to China.

Fibre2Fashion News Desk (NB)

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