PUBLISHED MARKET GUIDE
China Launches Year-Long Foreign Investment Campaign in Guangzhou
MOFCOM initiates 'Invest in China Year' series, signaling renewed focus on attracting foreign investment.
On March 28, 2023, Guangzhou hosted the launch ceremony for the 'Invest in China Year' investment promotion activities, marking the start of a year-long campaign by China's Ministry of Commerce (MOFCOM) to attract foreign investment.
Independently written English guidance based on cited public sources. Every public guide is human reviewed; it is not an official translation of the source publisher.
Launch of the 'Invest in China Year' Campaign
On March 28, the launching ceremony of the 'Invest in China Year' series of investment promotion activities was held in Guangzhou, initiating a year-long foreign investment attraction campaign by China MOFCOM for the first time.
At the ceremony, Vice Premier of the State Council He Lifeng indicated that China would intensify efforts to attract and utilize foreign investment. As the economy stabilizes and paces, a wide range of supportive policies is being implemented. He emphasized that now is the right time for foreign businesses to invest more in China.
Guangdong's Role and Economic Strength
Guangdong, the province with the largest GDP in China for 34 consecutive years, will be the first to promote its business environment during a special event the day after the launch. Huang Kunming, Secretary of CPC Guangdong Committee, indicated that in the past decades, Guangdong has insisted on opening up and attracting enormous numbers of foreign investors and companies. He welcomed foreign investors and companies to dock with the province’s high-quality development and achieve a win-win situation in the future.
Foreign Investor Confidence
More than 100 multinational executives and representatives from foreign chambers of commerce and associations attended the ceremony, expressing their confidence in the Chinese market.
Public sources
Editorial process
Editorial review and corrections
This guide received human editorial review. Use its public sources and review date to assess the current information boundary.
Request an editorial correction