News
China remains attractive destination for foreign investment

By Luo Shanshan, Wang Junling, People’s Daily
Farsighted multinationals don’t want to miss the opportunity to invest and operate in China.
Data from China’s Ministry of Commerce (MOFCOM) indicated that China saw 185 newly-added major projects during the first four months of this year, each with foreign investment of over $100 million. This means that an average of 1.5 major foreign-funded projects had been launched in China per day during the period.
China’s actual use of foreign capital expanded to 478.61 billion yuan ($71.65 billion) from January to April, up 20.5 percent year on year, which represented a double-digit growth achieved on the high comparison base during the same period of last year.
The Chinese market is the best choice as BMW pushes ahead with transformation toward electrification, digitalization, and sustainable development, said an executive with German carmaker BMW.
Although global markets have suffered impacts of multiple factors, including the COVID-19 pandemic, during the past two years, BMW’s business in China has maintained steady growth and reached a new high in sales last year, according to the executive, who disclosed that the company will continue to increase investment in China.
For BMW, China is not only the world’s largest auto market and new-energy vehicle market, but the most important manufacturing base and innovation base in the world, the executive added.
China has continuously opened its door wider to share its development opportunities with the rest of the world.
Besides BMW, many other foreign enterprises, including Amazon, Dell, and Johnson & Johnson, also expressed their intention to continue increasing investment in China.
Recent survey reports released by the American Chamber of Commerce in China (AmCham China) and the German Chamber of Commerce in China showed that 83 percent of the surveyed U.S. companies and 96 percent of the German companies in China remain bullish on the Chinese market, and that 66 percent of the U.S. companies and 71 percent of the German companies in China plan to invest more in the country.
Over the past five years, China has continuously shortened its negative lists for foreign investment, cutting the numbers of off-limit items on its national negative list and pilot free trade zone (FTZ) negative list to 31 and 27, respectively.
The country has taken a large number of important and major measures to further boost opening-up in sectors including finance and automobile, and basically opened its manufacturing sector and guaranteed steady and continuous progress in the opening-up of the agricultural and service sectors, effectively stabilizing foreign enterprises’ expectations of development in China and providing broader space for foreign investment.
So far, 21 pilot FTZs have been established across China. Its comprehensive bonded zones and economic and technological development zones are speeding up efforts to promote reform and innovation. In addition, various platforms launched to facilitate opening up continuously roll out measures to advance investment liberalization and facilitation, becoming a new high ground for attracting foreign investment.
This year, China will continue giving full play to the role of its special working group for key foreign-funded projects so as to provide service guarantee for stable operations of enterprises and make sure relevant projects are signed, put into operation, and reach full-capacity production as early as possible, according to the MOFCOM.
Besides, the country will revise and expand the catalogue of encouraged industries for foreign investment to guide more foreign investment toward sectors such as advanced manufacturing, modern services, high and new technology, green and low-carbon development and digital economy and toward the central and western regions by leveraging favorable policies related to taxation and land, said the ministry.
China will also intensify efforts to protect the legitimate interests and rights of foreign investors and ensure national treatment for all foreign-invested enterprises, the MOFCOM stressed.
On April 10, the Communist Party of China (CPC) Central Committee and China’s State Council jointly issued guidelines on accelerating the building of a national unified market, saying explicitly that the country will uphold a unified fair competition system and treat all market entities, regardless of their type, as equals.
China’s stable economic and social environment, sound industrial chain and supply chain system, and super-large market provide a solid foundation for the stable development of foreign enterprises.
“It is very difficult to match the scale and scope of China’s supply chains outside China at the moment,” pointed out Vishrut Rana, Singapore-based economist at S&P Global Ratings, in a recent interview.
The 2022 American Business in China White Paper recently released by the AmCham China said that 83 percent of the AmCham China’s member companies disclosed that they are not considering relocating manufacturing or sourcing outside of China.
China remains a priority market for U.S. companies, with many of them believing it is vital to stay competitive in this market in order to win globally, according to the white paper.
China will continue to optimize its business environment to help more foreign-invested companies enter, stay and prosper in the Chinese market, and retain its attractiveness to foreign investment.
News
AONDOAKAA’S LAWYERS URGE COURT TO DISMISS SUIT CHALLENGING HIS GOVERNORSHIP CANDIDACY
…As Court Reserves Judgment for November 16
The legal team representing the Peoples Democratic Party (PDP) governorship candidate in Benue State, Chief Michael Kaase Aondoakaa, SAN, has urged the Federal High Court, Abuja, to dismiss a suit challenging his candidacy for the 2027 governorship election for lack of competence.
Led by Prof. Anthony Ijohor, SAN, the legal team adopted Aondoakaa’s preliminary objection and urged the court to dismiss the suit in limine, arguing that it was not competent to proceed with the case.
The legal team headed by Prof. Ijohor, SAN, comprised other Senior Advocates of Nigeria, including Chiesonu I. Okpoko, SAN, Anthony A. Malik, SAN, and Mohammed Said Diri, SAN. Other members of the team were AT Kohol, Esq, Michael Gusa, Esq, Aleichenu Ogwuche, Esq, AJ Apera, Esq,
Matthew Onoja, Esq, DD Asema, Esq, and HT Ijohor, Esq.
The suit, marked FHC/ABJ/CS/2152/2026, was instituted by David Ejembi, Aondoaver Teryila, Joseph Okpanachi and Benedict Akaazua Orkume against the Independent National Electoral Commission (INEC), the PDP and Aondoakaa.
At the proceedings, counsel to the PDP, CT Mue, Esq, also adopted the party’s preliminary objection and urged the court to strike out the suit for lack of competence.
Counsel to the plaintiffs, Feng Pwajok, Esq, adopted the plaintiffs’ counter-addresses and written address in response to the preliminary objections. Prof. Ijohor subsequently adopted Aondoakaa’s further affidavit and reply on points of law, while Mue adopted the PDP’s reply on points of law.
On the substantive suit, counsel to the plaintiffs adopted their originating processes, while counsel representing the defendants adopted their respective processes. The plaintiffs’ counsel thereafter adopted further affidavits and replies on points of law filed in response to the submissions of the PDP and Aondoakaa.
Following the arguments, the court adjourned the matter to November 16, 2026, for judgment.
Aondoakaa, a former Attorney-General of the Federation and Minister of Justice, is the PDP’s duly nominated governorship candidate for the 2027 Benue State election.
News
“WIKE CANNOT CHOOSE A GOVERNOR FOR US!” — Group Rejects Alleged Rainbow Coalition Plot in Benue
The Benue Alliance for Good Governance and Accountability (BAGA) alleges secret political negotiations involving Wike, Akume and Ortom; insists Governor Alia should be allowed to complete two terms if re-elected.
BAGA has raised concerns over an alleged political arrangement involving prominent political figures, warning against any attempt to influence the outcome of the 2027 Benue State governorship election without the consent of voters.
In a statement signed by its President, Chief John Terfa, the group alleged that the Minister of the Federal Capital Territory (FCT), Nyesom Wike, was involved in discussions with the Secretary to the Government of the Federation (SGF), Senator George Akume, and former Benue State Governor Samuel Ortom over a proposed political alliance reportedly known as the “Rainbow Coalition”.
BAGA further alleged that Wike was seeking political control over five states under the Peoples Democratic Party (PDP) as part of the proposed arrangement to deliver President Bola Tinubu’s re-election in 2027, with Benue reportedly among the states being considered to hand over to Wike through the Rainbow Coalition.
The group also claimed that the alleged discussions were aimed at securing the emergence of former Attorney General of the Federation, Chief Mike Aondoakaa, as a preferred governorship candidate in Benue under the proposed coalition, despite Aondoakaa being banned from holding any political office for life by Supreme Court, due to unprecedented corruption and abuse of office when he was the Attorney General.
BAGA questioned why political actors from outside Benue should have a decisive influence over who governs the state, arguing that the choice of governor must remain with the electorate.
“Benue is not a political commodity to be traded behind closed doors in Abuja. The people of the state must have the final say on who governs them and the direction their state takes,” the group said.
The organisation alleged that Wike had held a series of meetings with Akume and Ortom in recent weeks to discuss the reported arrangement.
It further claimed that tensions arose during one of the alleged meetings at Akume’s residence in Abuja recently, where Wike was said to have questioned why Akume had allowed Governor Hyacinth Alia to become so politically powerful.
It was alleged that Wike demanded that Akume should make sure Governor Alia is not re-elected or declared winner in 2027 whether he wins or not and boast of having the judiciary under his control.
BAGA rejected what it described as an attempt to determine Benue’s political leadership through negotiations among powerful individuals, insisting that Governor Hyacinth Alia should be allowed to complete his constitutionally permitted tenure, if re-elected in 2027.
The group said it believed Alia’s administration was performing well in governance and development, adding that political alliances should not be used to undermine the democratic choices of the electorate.
It also criticised the record of Ortom’s administration and expressed concern about what it described as divisions within Benue’s political space arising from the influence of powerful political interests within and outside the state.
BAGA argued that any coalition seeking to influence the 2027 election should be based on transparent principles, competence, accountability and the interests of the people, rather than personal ambition or political bargaining in Abuja.
The group also challenged political actors seeking the support of President Bola Ahmed Tinubu to pursue their ambitions without attaching conditions that could compromise the democratic choices of the voters.
“Benue people are politically conscious. They will not surrender their future to a coalition of political interests formed without their consent,” the statement said.
The organisation called on voters, civil society groups and political stakeholders to remain vigilant and defend the state’s democratic rights ahead of the 2027 elections.
“Whatever colour it is given; Rainbow, PDP or otherwise, the people will reject any arrangement that threatens their collective interests and development,” BAGA said.
“Benue is not Rivers and we will not allow Wike from Rivers State to choose a governor for us in Benue State,” the group added.
According to BAGA, the central issue is whether political negotiations in Abuja will respect the right of Benue voters to determine their own leadership.
The group maintains that the state’s governorship should not be decided through private agreements among political power brokers, but through a democratic process in which the people have the final say.
News
2027: Group Defends INEC, Urges Evidence-Based Scrutiny of Staff Redeployments
The Coalition of Civil Society Organisations Against Corruption (COCSOAC) and 33 partner civil society organisations have expressed confidence in the Independent National Electoral Commission (INEC), urging Nigerians to treat recent reports concerning the commission with caution and rely only on verified facts.
The coalition, in a statement signed and issued in Abuja on Tuesday by its President, Bola Ademola, and National Secretary, Comrade Abdulfatah Aliyu, the group said while INEC must be held accountable where necessary, criticisms of the electoral body should be based on credible evidence, due process and an opportunity for affected parties to respond.
COCSOAC was reacting to an online publication alleging questionable staff redeployments within INEC, including the reported reassignment of a Northern director and the deployment of South-West officials to key departments.
The coalition said it had not independently verified the alleged redeployments or the motives behind them, warning that claims of political interference or ethnic favouritism should therefore not be treated as established facts.
“Assuming without conceding that the redeployments occurred as reported, staff reassignment is a recognised administrative practice that may serve legitimate purposes, including operational efficiency, professional development and improved management,” the group said.
It maintained that the geographical origin or family associations of an INEC official could not, on their own, establish bias or an intention to manipulate elections.
According to the coalition, the more important questions should be whether the decisions complied with applicable rules, received proper authorisation and were based on legitimate administrative considerations.
COCSOAC consequently urged INEC to clarify the circumstances surrounding the reported redeployments where necessary, while appealing to the media and civil society organisations to avoid drawing premature conclusions from unverified reports.
The group also congratulated INEC Secretary, Dr Rose Oriaran Anthony, on her turbaning, describing institutional experience, diligence and administrative continuity as important factors in the management of elections.
It appealed to President Bola Ahmed Tinubu to consider Oriaran Anthony for reappointment as INEC Secretary when her tenure expires, subject to applicable laws and established appointment procedures.
COCSOAC said its appeal was not a demand for an appointment outside the law but was based on the need to preserve institutional knowledge and strengthen coordination ahead of the 2027 general elections.
“Where an experienced incumbent has demonstrated the requisite commitment and competence, continuity may help preserve institutional knowledge, strengthen coordination and support preparations for peaceful, credible and well-organised elections,” the coalition said.
It, however, stressed that any decision on the matter must be guided by legality, INEC’s independence and the integrity of the electoral process.
The coalition called on political actors, civil society organisations, the media and other stakeholders to protect public confidence in Nigeria’s electoral institutions through evidence-based engagement, transparency and respect for due process.
It said its position was not that INEC should be shielded from scrutiny, but that allegations against the commission must be verified and affected institutions given a fair opportunity to respond.
“As the nation approaches another critical electoral cycle, accountability, institutional stability and the rule of law must remain central to the collective pursuit of credible elections,” COCSOAC said.
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