Politics
China is pressure for a greater foreign investment while the economy continues to drag
In a speech to the main world entrepreneurs, Chinese President Xi Jinping urged foreign investors to trust in the Chinese business prospects, the last decision to revive the second economy in the world which was trained by a real estate bust and a loss of momentum.
“China has always been and will certainly be an ideal, safe and promising investment destination for foreign investors,” Xi told leaders, including Akio Toyoda, president of Toyota, Lee Jae-Yong, president of Samsung Electronics and Stephen Allen Schwarzman, CEO of the Blackstone investment company.
China remains a major exporter of products for countries around the world and has an internal market of 1.4 billion people.
However, a massive overdiffusion in the real estate sector has equaled billions of dollars in capital, undermining the confidence of companies and consumers and depriving the economy of its past vitality, while a tariff war raised by the United States aggravates these problems.
Private companies, which offer a large share of growth and jobs in the state dominated by the State, have carried a large part of the burden after years of regulatory repression have shaken the confidence of entrepreneurs and other investors.
The unprecedented response from China to the COVVI-19 epidemic also closed business for a large part of three years and certain sectors of the economy have not yet recovered, especially when the world supply chains are involved.
However, XI, considered something skeptical about invitation to companies abroad, said that foreign investors may have confidence that “the opening door will only open and wider. The policy of using foreign investments has not changed and will not change,” he said.
“China contains enormous investment and consumption potential,” he added.
China has set an economic growth objective of around 5% for this year, the same as last year and a level which, according to analysts, would be difficult to achieve.
The government said it would try to stimulate the economy of around 20 dollars (34.9 billions of NZ dollars) by borrowing more money for a multitude of initiatives, such as giving 300 billion yuan (72.2 billion NZ dollars) in discounts to consumers who exchange cars and household appliances for new. But a large part of the loan will go to support the housing market and local governments weighed down by debt.
What is clear is that a trade war with the United States has left the prospects for the coming months uncertain. Trump has raised prices on imports from China twice since its entry into office in January, leaving them 20% through the edge.
China has shown no sign of decline, riding with prices on American products.
Xi did not directly mention the prices, but seemed to refer to the importance of stable commercial terms saying: “Blowing the lights of other peoples will not make your own light lights. Blocking the paths of other peoples will ultimately block your own paths.”
For the moment, however, China is looking to present itself as “an ideal, safe and promising investment destination for foreign investors,” he said.
“Going with China goes with opportunities. To believe in China is to believe tomorrow. Investing in China is investing in the future,” said the president, who was the leader for life and also leads the Communist Party in power.
The other participants included Amin H. Nasser, president of the Saudi Aramco; Sherard Louis Cowper-Coles, President of the Chinese-Brittical Chinese Affairs Council; Oliver Zipse, CEO of BMW and Ray Dalio, investment director of Hedge Fund Bridgewater Associates.
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Sources 2/ https://www.1news.co.nz/2025/03/29/china-makes-push-for-greater-foreign-investment-as-economy-continues-to-lag/ The mention sources can contact us to remove/changing this article |
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