An Introduction to Doing Business in China 2023, the latest publication from Dezan Shira & Associates is out now and available for complimentary download through the Asia Briefing Publication Store.
2022 turned out to be a difficult year for businesses operating in China. Unexpected lockdowns caused by COVID-19 outbreaks, weak consumption trends, a struggling real estate sector, and newfound geopolitical tensions caused serious disruptions to supply chains and damped global business confidence in the country.
Still, the actual use of foreign direct investment (FDI) in mainland China expanded in the first 10 months of 2022 – growing 14.4 percent year-on-year to over US$152 billion from January to October. The whole year’s FDI is expected to create double-digit growth.
Another silver lining has emerged out of the tough challenges overcome in 2022 – an easing of the zero-COVID policy is now in sight, with Beijing proposing a…