Margit Molnar, an expert with the Organisation for Economic Co-operation and Development (OECD), says China will continue to be an attractive destination for foreign investments.
She commended the effective control of the COVID-19 pandemic as well as wider opening-up of various industries.
According to her, China has overtaken the U.S. to be the largest recipient of Foreign Direct Investments (FDIs).
With its total FDIs standing at 212 billion U.S. dollars, up by 14 per cent year-on-year, OECD data showed.
Molnar suggested that the quick recovery of china’s economy made the country a more practical destination for global investments, moreover, the country’s efforts to open up wider also played an important role as China lifted the limit of FDIs in many industries such as manufacturing, agriculture and building industry, in particular, financial industry.
She said there was still room for growth in terms of FDIs in China, the inflows of foreign investments could help technological upgrading, organisational management and improve efficiency in China’s traditional industries and manufacturing industry alike.
