Foreign firms have confidence in Chinese economy

More opportunities: People walking in the financial district of Shanghai. China’s attraction for foreign companies in a pandemic-jolted world came as a result of the country’s steady economic recovery and improved business environment. — AFP

BEIJING: Despite the protracted Covid-19 pandemic and increasingly complex global environment, foreign companies are casting a vote of confidence in the Chinese economy as they continue to see opportunities amid the country’s opening-up efforts.

The 2022 China business climate survey report released by the American Chamber of Commerce (AmCham) in China and PwC said around 60% of surveyed companies said they posted profits in China in 2021.