CHINA Epidemic did not lead to a large-scale withdrawal of foreign investment in China: spokesman

CHINA

Epidemic did not lead to a large-scale withdrawal of foreign investment in China: spokesman

People's Daily app

15:57, April 16, 2020

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File photo: CGTN

Despite the impact of the outbreak on foreign companies in China, there has not been or will not be a large-scale withdrawal of foreign investment, China's Ministry of Commerce (MOFCOM) spokesperson Gao Feng said Thursday.

Foreign investors continue to be bullish on China, and their confidence and determination for long-term business development in China remain unchanged, Gao said.

According to the monitoring, the rate of resuming work and production of foreign enterprises in China has been increasing steadily. As of April 14, a survey of more than 8,700 foreign-invested key enterprises in China shows that the percentage of enterprises with a recovery rate of more than 70 percent accounted for 72.8 percent, up 0.9 percentage points from last week.

(Compiled by Zhu Yurou)

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