Recently, the spokesman of the Ministry of Commerce, Shu Jueting, introduced at a regular conference that from January to November 2022, the actual amount of foreign capital used in China was 1156.09 billion yuan, an increase of 9.9% year on year (the same below) on a comparable basis, equivalent to 178.08 billion dollars, an increase of 12.2%. Among them, the actual use of foreign capital in high-tech industries grew by more than 30%, the central and western regions grew rapidly, and the structure of capital attraction continued to optimize. It is worth noting that next year China will have more advantages in absorbing and utilizing foreign capital. In response to a question from the reporter of Economic Information Daily, Shu Jueting pointed out that the Ministry of Commerce will resolutely implement the spirit of the Twentieth National Congress of the Communist Party of China and the requirements of the Central Economic Work Conference, adhere to the principle of "stability first, seeking progress in stability", and take multiple measures to constantly improve the quality and level of foreign capital utilization, focusing on stabilizing the stock, expanding the quantity, and improving the quality. As for the performance of China's absorption and utilization of foreign capital in the first 11 months, Pang Chaoran, an associate researcher of the Research Institute of the Ministry of Commerce, told the Economic Information Daily that in the first 11 months, China's increase in foreign capital absorption continued to maintain a rapid growth rate, which has exceeded the level of last year, and is significantly higher than the average growth rate of global cross-border investment. "Especially in the context of the decline of cross-border investment in major investment countries, the achievements are not easy." While the scale is growing steadily, China's absorption and utilization of foreign capital also presents many highlights. From the perspective of industry, in the first 11 months, the actual use of foreign capital in the service industry was RMB 842.61 billion, up 0.9%. The actual use of foreign capital in high-tech industries increased by 31.1%, including 58.8% in high-tech manufacturing and 23.5% in high-tech service industries. From the source, the actual investment in China of South Korea, Germany, Britain and Japan increased by 122.1%, 52.6%, 33.1% and 26.6% respectively (including the data on investment through free ports). In terms of regional distribution, the actual use of foreign capital in the eastern, central and western regions of China increased by 7.7%, 28.6% and 24.6% respectively. Pang Chaoran stressed that, driven by the continuous improvement of the domestic business environment, the continuous improvement of openness and opening measures, and the continuous strengthening of investment promotion and coordination efforts in various regions, the high-tech industry and the central and western regions have seen significant growth. A number of large-scale investment projects in manufacturing industry have been gradually implemented. The overall progress of landmark major foreign investment projects has been smooth, and the supporting investment in the industrial chain has been driven to be implemented in succession. Looking forward to next year and even a longer period, China's measures to absorb and utilize foreign capital will continue to increase. Shu Jueting told reporters that the report of the 20th National Congress of the Communist Party of China (CPC) made a strategic plan to promote high-level opening up in the next five years or even longer. The Central Economic Work Conference held recently made specific arrangements for implementing the spirit of the Twentieth National Congress of the Communist Party of China and doing a good job in foreign investment in 2023, emphasizing that greater efforts should be made to attract and utilize foreign capital. The Ministry of Commerce will resolutely implement the spirit of the Twentieth National Congress of the Communist Party of China and the requirements of the Central Economic Work Conference, adhere to the principle of keeping the word stable and making progress while maintaining stability, take multiple measures to stabilize the stock, expand the quantity and improve the quality, and constantly improve the quality and level of foreign capital utilization. First, we will continue to open wider to the outside world. Rationally reduce the negative list of foreign capital access, further relax the threshold of access, and increase the openness of modern service industries.