UNCTAD head official hails China's efforts in facilitating trade

The UNCTAD's World Investment Report highlights the efforts that China has made in terms of trade facilitation, liberalization, and attracting foreign investment through various measures, said Pedro Manuel Moreno, deputy secretary-general of United Nations Conference on Trade and Development, in an exclusive interview with China Daily during the fourth Qingdao Multinationals Summit on Oct 11.

Global direct investment fell by 12 percent in 2022 to $1.3 trillion, resulting in a decline in global investment confidence. However, the situation in China is different – the nation's foreign direct investment had grown by 5 percent year-on-year to $189 billion in 2022.

Moreno spoke highly of China's efforts in facilitating trade and said he believes that China can continue to play an important role in promoting regional and multilateral investment cooperation.

The fourth Qingdao Multinationals Summit, held from Oct 10 to 12 in the eastern coastal city of Qingdao, Shandong province, aimed to promote economic exchanges between Chinese businesses and global companies, and encourage MNCs to invest in advanced manufacturing, modern services, high-tech and green sectors in China.