"The Chinese market is crucial" -- the "tenacity" of China's economy strengthens the long-term investment confidence of many foreign enterprises in China

2022-03-11

Under the background of the continuing global epidemic, the lack of impetus for world economic recovery and the more complex and severe global environment, the report of some foreign chambers of Commerce in China shows that the steadily recovering Chinese economy, huge market potential and continuously improved business environment have attracted many foreign-funded enterprises to strengthen their long-term confidence in the Chinese market. Recently, the American Chamber of Commerce in China and PricewaterhouseCoopers launched the 24th China business environment survey report. Novel coronavirus pneumonia and other factors, nearly 60% of the respondents said they made profits or profits in China last year, and 2/3 companies plan to invest more in China in 2022, the report said. Coincidentally, the "business confidence survey 2021-2022" report released by the German Chamber of Commerce in China and KPMG also pointed out that China is still one of the important markets for German enterprises in the world. In 2021, nearly 60% of enterprises in Huade achieved business growth, and 71% of the surveyed enterprises said they would continue to increase their investment in China. In 2021, with a growth rate of 8.1%, China's economy has become an important power source to promote world economic growth. This year's government work report set an economic growth target of about 5.5%, which will undoubtedly boost the sustained recovery of the world economy. "China US relations have a direct and far-reaching impact on global peace and prosperity. For many American enterprises, the Chinese market is very important." Hua ganglin, President of the American Chamber of Commerce in China, said. According to the report of the chamber of Commerce, nearly two-thirds of member enterprises regard China as the world's leading or top three investment markets in the short term. In line with the needs of China's innovation and development, service industry and high-tech industry have become the hot spots of foreign capital layout—— Meng Pu, chairman of Qualcomm China, said that China is one of Qualcomm's largest markets and innovation bases in the world. The cooperation between the company and its Chinese partners has been extended to many fields, such as smart phones, integrated circuits, software, automobiles, the Internet of things and so on. "China's sustained and stable economic growth will bring more opportunities. We are always optimistic about the development prospect of the Chinese market." According to Hou Yang, senior vice president of Microsoft worldwide and chairman and CEO of Microsoft Greater China, the accelerated development of China's digital economy highlights great innovation opportunities. "We hope to join hands with all partners to share China's new opportunities in the digital economy era." Although the epidemic has dragged down the recovery of consumption, China's huge domestic demand market is still favored—— Guo mu, President of Herbalife China and global senior vice president, said that as a global nutrition company, the company has increasingly felt the public's yearning and pursuit for a healthy life in China and the infinite vitality of China's consumer market. "We believe that the nutrition and health industry will usher in a period of rapid development in China, and we will continue to increase investment in China." Over the past year, China's actual use of foreign direct investment exceeded 1 trillion yuan for the first time. Under the more complex and changeable domestic and international situation this year, how to further boost the confidence of foreign-funded enterprises in operating in China is very important. Through the report of the chamber of Commerce, many foreign-funded enterprises in China also expressed their expectations for further mitigating the impact of the epidemic, reducing operating costs and continuously improving the business environment. In this regard, this year's government work report proposes to thoroughly implement the negative list of foreign investment access and implement the national treatment of foreign-funded enterprises. We will encourage foreign investment in mid and high-end R & D and modern manufacturing in the northeast, and expand the scope of foreign investment in the central and western regions. Optimize foreign investment promotion services and accelerate the implementation of major projects. We will solidly promote the construction of the pilot free trade zone and Hainan free trade port, promote the reform and innovation of the Development Zone, improve the development level of the comprehensive bonded zone, add a comprehensive pilot of the service industry and expand the opening-up. "This year's government work report has greatly encouraged our investment confidence." Zhang Heping, head of Sanofi vaccine Greater China, said that China has unswervingly implemented high-level opening-up, adhered to high-quality development driven by innovation, made greater efforts to optimize the business environment, and provided a broad platform for foreign-funded enterprises to cultivate in China for a long time. Zhou Youmei, the managing partner of an Yonghua central region, believes that under the more complex and severe external environment, it is more urgent for China to speed up the construction of a new development pattern. One belt, one road, will be actively served to build more services in China, and provide more professional services in the pilot area and free trade port planning and foreign investment business environment optimization, to help Chinese enterprises go global and develop foreign trade better. "In 2022, China's foreign investment will remain high." Kang Yong, KPMG's chief economist in China, said that this prediction is based on China's sustained and sound economic fundamentals and its comprehensive competitive advantages in market scale, industrial supporting facilities, infrastructure and business environment. The voice of foreign enterprises in China confirms the charm of the Chinese market. As the government work report said: "the open Chinese market will certainly provide more opportunities for enterprises of all countries to develop in China." (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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