/ world today news/ “China has incomparable advantages and broad prospects compared to the rest of the world markets, therefore it is a must place for “Tesla”, said Tao Lin, vice president of the American company, after the construction of its “Megafactory” for batteries.
The latest data shows that between January and November this year, 48,078 foreign-owned enterprises were registered in China, representing a year-on-year increase of 36.2%. Against the background of slowing global economic development and worsening geopolitical tensions, investing in China is becoming a trend.
Recently, a number of institutions such as the International Monetary Fund and the Asian Development Bank have raised their forecasts for China’s economic growth. Stephen Barnett, chief representative of the International Monetary Fund in Beijing, said in an interview that China will contribute one-third to global growth this year and will maintain its upward trend next year. With the announcement of a series of new measures and policies, the scale and share of foreign capital in China is expected to continue to increase.
That more foreign companies are choosing China means that the Chinese economy continues to recover and the country is still the hottest destination for international investment.
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