Despite the COVID-19-induced worldwide economic slowdown, global investors have continued to double down on investments in China this year, demonstrating a vote of confidence in the nation"s stable economic outlook and its opening-up commitment.

German carmaker BMW recently announced its upgraded strategy for the Chinese market, with three new or upgraded plants slated to open in 2022.

"What moves China today will move the world tomorrow. It is a perfect place and a great partner for the BMW Group to drive transformation," Nicolas Peter, member of the board of management of BMW AG responsible for finance and China affairs, said at a news briefing.

"Next year, three new or upgraded plants will open in Shenyang and Zhangjiagang. We will soon be launching the second BMW battery electric vehicle from Shenyang. It is a fully electric 3-series, further enhancing China"s position as one of BMW Group"s top three new energy vehicle production bases in the world," Peter added.