Reasons for the superiority of the Chinese economy over the economies of the world

China has developed a "miracle " strategy to seize a large economic position around the world.

Thanks to this strategy, it attracted investments from United States and Europe.

According to United Nations figures, China is the largest investment-attracting country in the world, surpassing the United States, which has occupied this throne for a long period of time.

China direct investment

China recorded a growth in direct investment that exceeded 4%, pushing it to first place, overtaking the United States, according to the United Nations.

largest safe economic

Financial institutions in Europe expect that China will be the largest safe economic destination in the world in 2028 if it continues this approach that encourages investment.

According to the Chinese Ministry of Commerce, March 2023, FDI in actual use in mainland China expanded by 6.1 percent year on year, reaching 268.44 billion yuan ($39 billion) in the first two months of 2023.

Foreign direct investment in the high-tech manufacturing sector increased by 68.9 percent during the period over the previous year, While foreign direct investment directed to the high-tech services sector increased by 23.3 percent year on year.

China's boom in foreign investment

China's official news agency (Xinhua) monitored several reasons behind China's boom in foreign investment, and prompted foreign companies to prefer working with it, including:

1- The overall price level in China is relatively low.

2- Expanding tax and fee incentives for small businesses.

3- Green development and technological progress.

4- Currency rates make their flexibility in providing liquidity.

5- Implementing more policies aimed at enhancing people's ability to spend, and developing the citizen's purchasing power.

6- The Chinese market has 1.4 billion consumers, and this prompts companies to invest.

7- Provide a stable and secure supply chain, and a highly interconnected infrastructure network.

8- Providing affordable labor.

9- China's innovative strength, promote openness to the outside world.

10- fully integrate domestic and international markets and resources.

China's economic development strategy

• Giving foreigners financial guarantees and advantages

• Exemption from taxes and providing services to factories at cheap prices.

• It provided them with huge and diversified supply chains.

• Preparing its citizens to become a huge economic and purchasing force that attracts investors.

• The currency difference between the dollar and the yuan and labor licenses.