国内英语资讯:Commentary: New negative list mirrors Chinas perseverance in opening up_时事

国内英语资讯:Commentary: New negative list mirrors Chinas perseverance in opening up

The COVID-19 pandemic will not change the China's role as a hot investment destination with a flexible and robust economy, according to Ker Gibbs, president of the American Chamber of Commerce in Shanghai (AmCham Shanghai).

The package of measures the country has rolled out to lure and support foreign investment will help secure its role as an investment magnet, he said.

A recent survey by AmCham Shanghai showed that in the short term, over 70 percent of respondents had no plans to relocate the production and supply chains from China due to COVID-19. In the long term, around 40 percent of respondents said they will keep their supply chains in China, while 52 percent said they had no plans to move out.

Doomsayers spreading talk of mass exodus of foreign investment from the Chinese market will only find that they were rumormongering again.

China's comprehensive supply chain, sound infrastructure and opening-up efforts are attracting more foreign companies to stay and invest in the market for the long term.

The COVID-19 pandemic is still biting into the world economy, and its fallout on the Chinese economy has not gone away. Facing risks and challenges, China has continuously deepened reform and taken firm steps for opening up.

However, as the world economy is highly globalized, the pandemic cannot sever communication, cooperation and the deep-seated economic interactions between nations for good. China's determination to promote globalization and free trade should not be underestimated.