Overview

• Germany and other foreign firms remain skeptical of China's latest pledge to treat foreign companies equally, citing a history of unfulfilled promises.
• China's efforts to attract foreign investment include promising national treatment for foreign companies and hosting events like the China Development Forum and Invest in China Summit 2024.
• Inbound foreign direct investment in China shrank by 8% in 2023, despite China being a major global market and manufacturing hub.
• High-profile executives from companies like Pfizer and AstraZeneca are participating in China's outreach efforts, signaling potential interest despite skepticism.
• Experts suggest China should join international agreements like the WTO's Government Procurement Agreement to truly level the playing field for foreign firms.