Foreign capital is a weathervane to observe a country's economy. Since the beginning of this year, despite the repeated delay of the epidemic, the crisis in Ukraine and other factors, China's absorption of foreign investment has continued to increase by double digits last year. Behind foreign investors' deep exploration of the Chinese market is their stable expectations for China's economic development prospects, and it is also a vivid portrayal of China's economic toughness, vitality and potential. Continue the growth trend, the epidemic does not change, and foreign-funded enterprises cultivate Chinese confidence Since March this year, the domestic epidemic has spread at many points, which once impacted the production and operation of market players, including some foreign-funded enterprises, and also triggered public opinion at home and abroad about whether foreign capital left China due to epidemic prevention and control. Data is the best answer. In the first five months of this year, the actual amount of foreign capital used nationwide was 564.2 billion yuan, an increase of 17.3% year-on-year, equivalent to 87.77 billion US dollars, an increase of 22.6% year-on-year; By the end of May, China had 666000 registered foreign-invested enterprises, an increase of 0.3% over the end of last year. This "report card" of attracting investment is hard won. In the face of the supply chain congestion caused by the multi-point spread of the epidemic, the CPC Central Committee and the State Council have issued a series of policies to stabilize foreign trade and foreign investment, which have been actively implemented by all regions and departments—— The Ministry of Commerce held a number of symposiums for foreign-funded enterprises and foreign chambers of Commerce to actively understand the outstanding difficulties faced by foreign-funded enterprises, give full play to the role of special classes for key foreign-funded projects, coordinate and help qualified leading foreign-funded enterprises obtain key material passes, and promote the resumption of work and production; On May 20, the China Council for the promotion of international trade officially set up a special class to serve foreign-funded enterprises, actively promoting the resolution of difficulties encountered by foreign-funded enterprises in investment, production and operation in China; Shanghai launched the online service system for major foreign-funded projects; Jiangsu has established a special class for stabilizing foreign investment and foreign trade and a special class for foreign investment to supplement, extend and strengthen the chain Foreign funded enterprises in China have faced the difficulties and worked hard to overcome the challenges brought by the epidemic by carrying out "double shift" closed production, starting home office at the first time, carrying out contactless delivery, and launching online customer service. "During the epidemic period, we arranged some employees to stay on the site for production, board and lodging in the company, and implemented closed-loop management to ensure the uninterrupted production. When the enterprise was faced with logistics obstacles, the local government applied for the cross provincial and municipal vehicle passes for us, and solved the problem of cross provincial and municipal transportation of raw materials and products." AI Zhouping, President of holly's Greater China region, said that the overall business performance of the enterprise in the first half of this year was good, especially since May, the business grew rapidly, and the sales revenue and profit indicators were better than the same period last year. According to the latest survey released by the American Chamber of Commerce in China at the end of June, 58% of the respondents said that the company had resumed some or all of its business, and the supply chain problems had been alleviated, up 26 percentage points from the survey results in May. A survey report released by the European Chamber of Commerce in China recently showed that only 11% of the respondents said that China's epidemic prevention policy directly led to their decision to reduce their business in China. Most enterprises said they would not make changes or thought it was too early to consider this. The gold content is enough to adjust the global supply chain without changing the "magnetic attraction" of China's investment attraction The Zhongsha Gulei ethylene project with a total investment of 42.07 billion yuan was officially launched and entered the construction stage; BMW Group's third complete vehicle factory in Shenyang, brilliance BMW Lida factory, has officially opened... Recently, good news has come that a number of major foreign-funded projects are progressing smoothly. The stability, excellent structure and sufficient gold content of large projects are the highlights of attracting foreign investment in China in the first half of the year. According to the latest data of the Ministry of Commerce, in the first five months of this year, China's contracted foreign investment of more than US $100million in large projects actually reached US $47.68 billion, an increase of 40.3% year-on-year; In terms of industries, the actual use of foreign capital in high-tech industries increased by 42.7% year-on-year; From the source, the actual investment in China of South Korea, the United States and Germany increased by 52.8%, 27.1% and 21.4% respectively. In the first half of the year, some multinational companies adjusted their business layout in China, raising concerns about the transfer of industrial chains. "It is true that foreign companies have adjusted their business layout in China, such as Amazon's announcement to close its e-book business in China and Samsung's reduction in the number of employees in China, but this is only their capacity adjustment based on market development, which is a normal phenomenon in the market economy." Liang Ming, director of the Foreign Trade Research Institute of the Research Institute of the Ministry of Commerce, said. Lin Meng, director of the Institute of modern supply chain of the Research Institute of the Ministry of Commerce, believes that with the accelerated adjustment of the global supply chain, China's traditional advantages such as low cost and large batch will tend to weaken, but the huge market space, perfect industrial chain supporting capacity, constantly improving scientific and technological innovation ability and increasingly optimized business environment will gradually become the new advantages of China's supply chain competition. Thanks to the new competitive advantages, multinational companies have gradually expanded their investment in China from low-end processing and manufacturing to high-tech manufacturing, from low-tech and low value-added production to high-tech and high value-added production, and pay more attention to the layout of the whole industrial chain. In May this year, L'Oreal established a new investment company in China, Shanghai meizifang Investment Co., Ltd., in order to have the ability to be closer to the market and establish close cooperation with the market. "This is the first time L'Oreal has set up an investment company in China since it entered the Chinese market 25 years ago. L'Oreal China is also the only branch of the group to set up an investment company so far." Fabry, President of L'Oreal North Asia and CEO of China, said that China is the group's most active market in terms of size and growth rate. Optimistic about China's opportunities and win-win results in the Chinese market In midsummer, in Qingdao, Shandong Province, heads of 476 world top 500 enterprises and industry leaders at home and abroad attended the third Qingdao summit of multinational company leaders. 99 key foreign-funded projects were signed, with a total investment of 15.6 billion US dollars. During the summit, AstraZeneca announced to invest in the construction of a production and supply base and set up a regional headquarters in Qingdao, Shandong Province, and set up an innovation center, a life science innovation park and an industrial fund with the theme of rare diseases. "China's huge population base and higher demand for medical health, an open and fair business environment, and favorable policies to support the research and development of innovative drugs have brought us broad opportunities for investment in China." Wang Lei, President of AstraZeneca China, who came to the meeting, said. AstraZeneca's overweight investment in China is a microcosm of multinational companies' optimistic outlook for China's development. In Liang Ming's view, China has accelerated the construction of a new development pattern and the pace of promoting a higher level of opening up, bringing more opening opportunities to foreign-funded enterprises. "The continuous expansion of the pilot Free Trade Zone, the steady acceleration of the opening up of the service industry, the in-depth promotion of scientific and technological innovation and low-carbon development... The resulting digital, R & D, services, new energy and other new industries will provide a huge magnetic field for attracting foreign investment." The European Chamber of Commerce in China recently released the report "carbon neutrality: European enterprises help China achieve 2060 vision". Woodock, President of the European Chamber of Commerce in China, said that European enterprises are willing to give full play to their technological experience and advantages in low-carbon technology, deeply participate in China's process of achieving the goal of carbon peak and carbon neutrality, and strengthen cooperation between Europe and the Middle East in the field of green and sustainable development. We will launch the inspection of the enforcement of the foreign investment law to ensure that foreign-funded enterprises equally apply various policies and effectively enjoy national treatment; Revise and expand the catalogue of industries encouraging foreign investment to guide foreign investment in key areas such as manufacturing and producer services, as well as key regions such as the central and western regions and the Northeast; We will continue to clear up restrictions beyond the negative list of foreign investment access, strengthen intellectual property protection, and continue to create a market-oriented, rule of law, and international business environment... China will unswervingly expand its high-level opening-up, bringing more market opportunities, investment opportunities, and growth opportunities to all countries. "We have been operating in China for more than 100 years. As a participant in the development of China's financial market and a witness to the opening of the market, we believe that the impact of the epidemic is temporary, and the good investment prospects in the Chinese market are still the key factors to attract global multinational companies, and we will continue to invest in the Chinese market." Said Yu Bing, President of JPMorgan Chase Bank (China) Co., Ltd. Shanghai Branch. (Xinhua News Agency)