ECONOMY

Investment Destination

Although the global supply chain has entered a new round of reconstruction, China is still an important investment destination for multinational companies around the world, according to a report released during the Third Qingdao Multinationals Summit in the coastal city of Qingdao, Shandong Province.

The country has consistently attracted multinationals’ investments in the manufacturing sector due to its huge market and complete supply chain, the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce said in the report.

China’s manufacturing sector used $33.73 billion of foreign investment in 2021, up 8.8 percent year on