All smiles for global companies

BEIJING: With China leading the global economic recovery from the impact of the Covid-19 pandemic, the country’s mega market, optimised business environment, and status as the biggest trading partner of more than 120 countries and regions will continue to generate big dividends for global companies in the long run, business leaders said.

Despite lingering uncertainties about the Covid-19 pandemic, China’s actual use of foreign direct investment, or FDI, surged 31.5% on a yearly basis to 176.76 billion yuan (US$26.07bil or RM107bil) in the first two months of this year, data from the Ministry of Commerce showed.