Source: Xinhua Updated:2013-7-18
Global confidence in China shown by the rapid increase in foreign investment despite its slowed economic growth pace in the first half of 2013 tells that it is right time to invest in the world's second largest economy.
Investors from developed countries consider China's adjustment of its economic growth rate a smart move to strengthen capacity for self-sustained growth, which paves the way for healthier economic development in the future.
According to latest official statistics, investment from Japan grew 14.37 percent from January to June and reached 4.687 billion U.S. dollars.
Investment from the United States and the European Union during the same period increased 12.29 percent and 14.68 percent, respectively, to hit 1.825 billion dollars and 4.035 billion dollars.
The numbers prove that China's policy to slow down the pace to improve the quality of growth has successfully won confidence of international investors.
Beijing made the decision after it became clear that the economy suffered from over-capacity and excessive reliance on investment. In addition, an obvious outflow of hot money in the first half of this year has added potential systematic financial risks.
A good runner always knows when to adjust pace in a long race. Similarly, China, under current circumstances, is slowing down its economic growth pace in order to lay a foundation for future development.
Meanwhile, China has worked to expand space for its economic development, such as the conclusion of a free trade agreement with Switzerland and the start of substantive talks with the United States on investment protection. In addition, China has allowed foreign investment in new sectors, providing opportunities for international investors.
Like Fidelity Worldwide Investment Director Tom Stevenson said, as the Chinese government becomes more concerned about the quality of the growth rather than the quantity of the growth, there is a good opportunity to invest in the country.
