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China remains attractive destination for foreign investment

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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.

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EID-EL-KABIR: BELLO BABAYO BELLO COMMENDS TINUBU, SHETTIMA, GOMBE GOVERNOR AS HE FELICITATES WITH MUSLIMS NATIONWIDE

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The Executive Director, Networks, Niger Delta Power Holding Company Limited (NDPHC), Engr. Bello Babayo Bello, FNSE, has extended warm felicitations to Muslim faithful across Nigeria, particularly the people of Gombe State, on the occasion of the 2026 Eid-el-Kabir celebration, urging citizens to continue promoting peace, unity, love, and national development.
In a goodwill message released to journalists on the occasion of the Islamic festival, Engr. Bello described Eid-el-Kabir as a sacred celebration that reflects the virtues of sacrifice, obedience, faith, compassion, and gratitude to Almighty Allah as demonstrated by Prophet Ibrahim (AS).
He called on Muslims to use the spiritual significance of the season to strengthen the bonds of brotherhood, support one another, and continue praying for the peace, stability, and prosperity of Nigeria.
Engr. Bello also commended the leadership of President Bola Ahmed Tinubu, GCFR, for his commitment to national development, economic reforms, infrastructural advancement, and efforts aimed at strengthening unity and progress across the country.
According to him, the administration of President Tinubu has continued to demonstrate determination in laying foundations for long-term growth and national transformation through bold policies and strategic governance initiatives.
The NDPHC Executive Director equally praised Vice President Kashim Shettima, GCON, for his loyalty, dedication, and support toward the actualization of the Renewed Hope Agenda of the Federal Government.
He noted that the Vice President has continued to play a vital role in promoting stability, inclusion, and effective coordination within government.
Engr. Bello further applauded the Governor of Gombe State, Muhammadu Inuwa Yahaya, CON, for what he described as purposeful leadership and remarkable strides in infrastructural development, healthcare, education, youth empowerment, and peaceful coexistence in the state.
He said the governor’s developmental policies and inclusive style of governance have continued to attract admiration and confidence from the people of Gombe State and beyond.
“Eid-el-Kabir remains a season of reflection, gratitude, sacrifice, and devotion to Almighty Allah. It is also a period that reminds us of the importance of unity, compassion, tolerance, and service to humanity. As we celebrate, we must continue to pray for our leaders and for the continued peace, progress, and prosperity of our dear nation,” he stated.
Engr. Bello urged Muslim faithful to extend love and kindness to the less privileged, widows, orphans, and vulnerable members of society during the Sallah festivities, stressing that charity and generosity are central teachings of Islam.
He also commended the people of Gombe State for sustaining the culture of peaceful coexistence, harmony, and mutual respect among diverse communities.
The engineering professional and public administrator expressed optimism that Nigeria would continue to witness greater development, unity, and economic advancement under the leadership of President Tinubu.
He prayed for Allah’s continued guidance, wisdom, protection, and blessings upon the President, Vice President, Governor Inuwa Yahaya, and all leaders across the country.
Engr. Bello finally wished Muslim faithful in Gombe State and across Nigeria a peaceful, joyous, and spiritually fulfilling Eid-el-Kabir celebration.

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Dogara Celebrates Eid El-Adha, Urges Nigerians to Embrace Unity, Sacrifice, and Compassion

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Rt. Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Board of National Credit Guarantee Company Limited (NCGC), has extended heartfelt felicitations to Muslims across Nigeria and around the world on the occasion of Eid El-Adha.

In his Eid message, Dogara described the festival as one of the most profound moments in the Islamic faith — a sacred season that embodies the enduring virtues of sacrifice, obedience, faith, and total devotion to God, as demonstrated by Prophet Ibrahim (AS). He noted that beyond its spiritual significance, Eid El-Adha serves as a powerful reminder of the values of compassion, generosity, and love for humanity.

According to him, the celebration offers an opportunity for reflection and renewal, urging Nigerians to recommit themselves to the ideals of unity, peace, and mutual understanding. He observed that the true essence of Eid lies not merely in celebration, but in the willingness to serve others selflessly and uplift the less privileged.

“Eid El-Adha reminds us that greatness is found in sacrifice, service, and compassion for one another. It is a season that calls us to strengthen the bonds of brotherhood, extend kindness to those in need, and renew hope for a better and more united nation,” Dogara stated.

The former Speaker stressed that the lessons of Eid should transcend religious and ethnic boundaries, especially at a time when Nigeria needs collective commitment to peace, justice, and national cohesion. He called on citizens to rise above division and work together in the spirit of patriotism and shared destiny.

“As we celebrate this sacred festival, may the spirit of sacrifice inspire us to build bridges of understanding, promote harmony across our communities, and work collectively for a more peaceful, just, and prosperous Nigeria,” he added.

Dogara further prayed that the blessings of Eid El-Adha would bring joy to families, healing to communities, and progress to the nation. He encouraged the faithful to use the occasion as a time for spiritual renewal, deeper devotion to God, stronger family ties, and renewed commitment to the common good.

“As families gather in prayer and celebration, may this Eid remind us of our shared humanity and our collective responsibility to serve with humility, love, and sincerity. May the Almighty accept our prayers and sacrifices, bless our homes with peace and happiness, and guide our nation toward greater unity and prosperity,” he concluded.

Dogara wished all Muslim faithful a peaceful and joyous Eid El-Adha celebration filled with divine blessings, love, hope, and renewed faith in the future of Nigeria.

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Ukhomunyio Community Seeks Edo Government Intervention Over Insecurity

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A group of concerned stakeholders in Ukhomunyio Community, Okpella, Edo State, has called on the Edo State Government and security agencies to strengthen security presence in the area following recent security concerns and incidents of violence.
In a statement jointly signed by community stakeholders, the group said that the once-peaceful Ukhomunyio Community had in recent weeks experienced growing tension and insecurity.
The statement was jointly signed by Sam S. O. Afemikhe, Roland Ediawe, Dr Henry Idogun, Kasimu Sunday, Mark Adogah, Friday Ododeh, Omoreige Usman, Dr Victor Balogun, and Prince Haruna Ahmed.
The stakeholders urged the government to deploy more security personnel to the community and surrounding areas to help maintain peace and prevent further breakdown of law and order.
“We therefore call on the Edo State Government, security agencies, and all relevant authorities to immediately intervene by strengthening security presence within Ukhomunyio Community and surrounding areas,” the statement said.
They also called for a thorough investigation into recent incidents of violence and disturbances linked to the annual Olimi Festival.
According to the statement, the community recently recorded tragic incidents involving residents of Kalaba and Imioko villages, while some persons were reportedly abducted during the attacks and later reunited with their families.
The group described the incidents as unfortunate and contrary to the community’s peaceful traditions.
“We strongly condemn these acts, which are completely alien to the long-standing peaceful tradition of our community,” the statement added.
The stakeholders further expressed concern over violence that erupted during the recent Olimi Festival, saying some individuals allegedly used firearms during the celebration.
They said the violence resulted in casualties and injuries, with some affected persons currently receiving medical treatment.
“The Olimi Festival has historically been a symbol of unity, peace, celebration, and cultural heritage among the people of Ukhomunyio and Okpella in general,” the group stated.
According to the statement, the festival had historically symbolised unity, peace, and cultural heritage among the people of Ukhomunyio and the wider Okpella community.
The group also appealed to authorities to ensure that all investigations and security operations are carried out lawfully and fairly to avoid escalating tensions within the community.
Beyond strengthening security, the stakeholders called on authorities to prevent further violence and restore peace and confidence within the community.
They warned that continued insecurity could affect economic and social activities in the area, including operations linked to major industries.
As part of efforts to support investigations, the group announced a N1 million reward for credible information that could assist security agencies in identifying those behind the recent incidents.
Another N1 million reward was offered for information that could help authorities identify individuals connected to the violence during the Olimi Festival.

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