Higher-quality FDI and ODI in ‘new era’
Print Edition
CHINA sees recovery and steady growth in higher-quality inbound and outbound investment as the country enters a historic “new era” in its economic, political, cultural and social development, according to a KPMG report yesterday.
This will support the ongoing transformation and upgrading of the Chinese economy as well as the vitality and resilience of global trade and investment flows, according to a report of KPMG China released at a closed-door meeting yesterday.
“Without a doubt, China will continue to be an important source of growth for companies around the world – not only because of the ongoing expansion and transformation of its economy, but also because the Belt and Road initiative will lead to more win-win-win cooperation between Chinese and foreign companies in third-country markets,” Bill Thomas, chairman of KPMG International, said at the meeting.
While growth in inward foreign direct investment has slowed, the market and policies for foreign investment are still expected to improve as China transitions to a “new economic cycle,” leading to a rebound in high-quality FDI, the report said.
KPMG also forecast that China’s outbound investment will keep a medium-high level of growth in tandem with the B&R initiative while tighter scrutiny on outbound investment will, hopefully, lead to Chinese companies to focus on high-quality, value-added investments, according to the report.
These efforts will create more opportunities for international private capital to invest alongside Chinese state capital, sovereign wealth funds and Chinese private investment in these projects.
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