China says no, but a new report suggests otherwise.
China's Ministry of Commerce spokesperson, Shu Jueting, speaking during a press conference, December 2, 2021. Credit: Ministry of Commerce
For executives of global companies assessing where to build a new factory or set up an office, China was once an obvious choice. But those making such decisions today face a new question: is the world’s second largest economy losing its allure?
China’s official data would suggest not: foreign direct investment inflows (or FDI) into the country hit a record high in 2021, reaching just over $170 billion, according to the Ministry of Commerce. The upward trend continued in early 2022,
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