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China Launches Year Long Campaign To Attract Foreign Investment

China kicked off a yearlong campaign on Tuesday, themed "Invest in China," a strong move to attract foreign investment and help foreign companies better understand China's opportunities, as the world's second-largest economy pursues wider opening-up amid rising external uncertainties.

The event, initiated and organized by the Ministry of Commerce, was officially launched in Guangzhou, South China's Guangdong Province, the nation's export hub, and it will last throughout the year. Special promotional events will also go overseas to Saudi Arabia, Japan and South Korea, as well as to Germany and other European countries.

For the rest of the year, over 20 activities will be held across the nation and abroad, to "help foreign investors understand China's investment environment more comprehensively, develop businesses, listen to their appeals, respond to their concerns, better serve everyone, and thus encourage them to invest in China," Vice Minister of Commerce Wang Shouwen, who is China International Trade Representative, said on Tuesday.

The strong effort to attract foreign investment comes at the conclusion of the three-day China Development Forum 2023 held in Beijing, during which top officials of the world's second-largest economy reassured participants - mostly multinational CEOs and representatives of global organizations - about China's further opening-up commitment and policy orientation this year and beyond.

"China's policy of utilizing foreign investment will not change, and it will make greater efforts to attract and utilize foreign investment. China's long-term fundamentals and resilient economy that is full of potential have not changed. The economy is obviously stabilizing and rebounding, with support policies being implemented in a strong and orderly manner, so it is the right time for foreign enterprises to expand their investment in China.

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