GLOBALink | Foreign enterprise voices confidence in Chinese market-Xinhua

GLOBALink | Foreign enterprise voices confidence in Chinese market

Source: Xinhua

Editor: huaxia

2023-02-17 15:52:47

Foreign enterprises remain adamant in ramping up investment in the Chinese market, as the immense potential in economic vitality and consumption backed by an optimized COVID response strengthened their confidence in the world's second-largest economy.

II-VI Photonics Inc. in east China's Fuzhou City is one of the three global headquarters of Coherent Corp., an American company that develops, manufactures and supports laser equipment and related specialty components.

A senior officer of Coherent Corp. said that China's high-quality development direction and policies have opened up a huge space for the company's development, adding that the company will continue to enhance its overall strength in China.

Data released by China's Ministry of Commerce show that foreign direct investment in the Chinese mainland, in actual use, expanded 6.3 percent year on year to 1.23 trillion yuan (about 179 billion U.S. dollars) in 2022.

Produced by Xinhua Global Service


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