China Council for the promotion of international trade: in the first quarter, more than 70% of foreign-funded enterprises increased their capital in China by more than 5%

2022-05-30

China Council for the promotion of international trade (CCPIT) released the survey report on China's foreign investment business environment in the first quarter of 2022 on the 30th. The report shows that in the first quarter, 71% of the foreign-funded enterprises surveyed maintained their business scale, 16.4% expanded their business scale, and 72.1% increased their capital in China by more than 5%. Although the complexity, severity and uncertainty of China's economic development environment have increased since this year, which has brought challenges to foreign capital's production and operation in China, the report shows that foreign-funded enterprises continue to look good at the development prospects in China and are generally optimistic about China's new opportunities for high-quality development. In the first quarter, 13.5% of foreign-funded enterprises had plans to increase their capital in China in the future. More than half of foreign-funded enterprises said that the market and corporate strategy were the main reasons for increasing their capital in China, and 42.6% of foreign-funded enterprises took the Yangtze River Delta as the main area for planned investment. The report was completed by the China Council for the promotion of international trade (CCPIT) through questionnaire survey, enterprise discussion and expert interview. Referring to the latest trial standards of the world bank, the indicators to evaluate the satisfaction of foreign-funded business environment include market access, access to business premises, and installation of municipal public infrastructure. Yu Yi, spokesman of CCPIT, said at the regular press conference held on the same day that from the survey, the interviewed foreign-funded enterprises generally have a good evaluation of China's business environment, have a high evaluation of the installation of municipal public infrastructure, promoting market competition and obtaining business premises, and are generally satisfied with the macro-economy and regulatory policies. In order to better promote the development of foreign-funded enterprises in China, Yu Yi introduced that the CCPIT has set up a special class to serve foreign-funded enterprises, improved the normalized exchange mechanism between the national trade promotion system, foreign business associations in China and foreign-funded enterprises, timely understood the demands of foreign-funded enterprises, and actively promoted the resolution of difficulties encountered by foreign-funded enterprises in their investment, production and operation in China. (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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