China remains a magnet for long-term investment

Many foreign-funded firms have remained upbeat and even upped their local investment, indicating their confidence in China's growth over the long run.

BEIJING: The Covid-19 outbreaks and the downward economic pressure posed short-term challenges to certain market players in China in 2022.

But many foreign-funded firms have remained upbeat and even upped their local investment, indicating their confidence in the country’s growth over the long run.