Foreign investors remain optimistic about the long-term prospects of the Chinese market as the country has introduced a series of measures to improve the investment environment and create new opportunities, said a spokeswoman for the Ministry of Commerce said on Thursday.
China's State Council issued a statement in 2023 outlining its guidelines for further optimizing the foreign investment environment and intensifying efforts to attract foreign investments. The guidelines comprise 24 policies outlining 59 measures, all designed to enhance the investment climate.
"According to data from the National Bureau of Statistics, the total profits of foreign-funded industrial enterprises above designated size grew by 9.9 percent in the January-July period this year. During the same period, nearly 32,000 new foreign-funded enterprises were established in China, an increase of 11.4 percent year on year. This continues the trend of rapid growth in newly established foreign-funded enterprises since 2023, indicating that foreign investors remain optimistic about the long-term prospects of investing in China," said spokesman He Yongqian at a regular press conference in Beijing.
As of the end of July this year, 27 of the 59 measures have been completed. These include the introduction of regulations to promote and regulate cross-border data flow, the launch of pilot programs to further open up value-added telecommunications services to foreign investors, the establishment of a coordination mechanism for intellectual property protection in the centralized procurement of pharmaceutical products, and the continuous optimization of visa and immigration policies.
Foreign investors remain optimistic about long-term prospects of Chinese market: spokeswoman
Gov't supportive policies create new opportunities for foreign investment in China: spokeswoman
China's Hong Kong Special Administrative Region (HKSAR) on Tuesday held lantern fairs to celebrate the Mid-Autumn Festival, while a spectacular drone show illuminated the night sky above the Victoria Harbor.
The festival is celebrated annually on the 15th day of the eighth month in the Chinese lunar calendar, which fell on Sept 17 this year. It is a traditionally cherished occasion for family reunions, when family members share mooncakes and light lanterns.
A bright and gorgeous lantern fair combining elements of traditional Chinese culture and the unique style of Hong Kong was held on Tuesday night in Hong Kong's Victoria Park, where local residents and tourists can not only learn about the process of making a handcrafted lantern, but also participate in diversified activities like guessing lantern riddles.
During the festival, traditional folk activities including lantern fairs were held across Hong Kong, creating strong festive atmosphere and attracting flocks of residents and tourists.
"We have come to Victoria Park today to feel the atmosphere of the Mid-Autumn Festival. [The lanterns] are quite beautiful and gorgeous," said Liu, a local resident.
At around 20:00 on Tuesday, a splendid drone show illuminated the night sky above the Victoria Harbor, with more than 1,000 drones forming patterns of rabbits, lanterns and mooncakes, conveying festive blessings to people in Hong Kong.
"This year's lanterns are more beautiful than ever before. Meanwhile, the drone shows are getting more and more exciting each time, as we can see that the patterns and technologies are constantly improving. At the same time, the National Day is approaching. I would like to wish our country a happy birthday, and I wish the motherland prosperity and the people a better life," said Ko Chung Kit, another local resident.
Hong Kong holds lantern fairs, drone show to celebrate Mid-Autumn Festival
