Standing at a new level of trillion, the road map of stabilizing foreign investment in 2022 emerges

2021-12-22

Further reduce the negative list of foreign investment access, relax the access threshold in key areas, improve the catalogue of industries that encourage foreign investment, implement the national treatment of foreign-funded enterprises, attract more multinational companies to invest, and accelerate the implementation of major foreign-funded projects... The reporter of the economic information daily noted that the benefits of expanding opening up have been continuously released recently, A series of measures and arrangements have defined the road map for stabilizing foreign investment in 2022. Analysts pointed out that on the basis of China's absorption of foreign capital exceeding the trillion yuan mark, the intensive release of higher-level opening signals and the accelerated implementation of relevant measures will further increase the attraction of the Chinese market, promote China's stable foreign investment to take advantage of the momentum and realize the double improvement of quantity and quality. According to the latest data from the Ministry of Commerce, from January to November, the actual amount of foreign capital used in China was 1042.2 billion yuan, a year-on-year increase of 15.9%. This level has exceeded that of last year, and the scale has reached an all-time high. Among them, the high-tech service industry increased by 20.8%, and the high-tech manufacturing industry increased by 14.3%. At the same time, the regional distribution became more balanced, and the actual use of foreign capital in the eastern, central and western regions increased by 15.4%, 25.8% and 13.4% respectively year-on-year. "Against the background of the epidemic, China's absorption of foreign capital still maintained rapid growth and reached a record high, reflecting the strong attraction of the Chinese market to multinational corporations." Nie Pingxiang, a researcher at the Research Institute of the Ministry of Commerce, said in an interview with the economic information daily. Zhang Fei, deputy director of the Institute of foreign investment of the Research Institute of the Ministry of Commerce, said that this is closely related to China's unique advantages in attracting investment. She further analyzed that the Chinese government has actively and properly balanced the relationship between epidemic normalization and economic development, creating a stable and safe business environment for foreign-funded enterprises; Since 2021, China's economic indicators have been developing well and vigorously, showing strong resilience, making most foreign-funded enterprises in China obtain high investment returns; In the opening year, China vigorously promoted high-quality economic development, accelerated the construction of a new development pattern, and provided a large number of new investment opportunities for foreign-funded enterprises. Huang Bin, vice president of AstraZeneca China, said in an interview with the economic information daily that the door of opening to the outside world is opening wider and wider, making China one of the best investment destinations in the world for many years. AstraZeneca benefits from China's huge development opportunities and constantly improving business environment. "It can be predicted that China's business environment will continue to improve in the future, and the Chinese market will attract more and more foreign-funded enterprises to share mutually beneficial and win-win development opportunities with China." Lin Shiwei, President of Honeywell China, told reporters that China's progress in expanding opening up and improving the business environment has brought new opportunities to Honeywell and further strengthened the company's confidence in deepening the Chinese market. "We are optimistic about China's economic growth prospects and investment opportunities. We hope to share the dividends of China's economic development while helping China's high-quality economic development. The importance of the Chinese market will become more and more obvious." On the day when the foreign investment report card was released in November, Honeywell announced that its Honeywell (Xi'an) Co., Ltd. and Honeywell intelligent building technology group innovation operation center, located in Xixian new area, Shaanxi Province, was officially opened. The center will cooperate with Honeywell's high-tech and innovation R & D capabilities to comprehensively contribute to the intelligent construction in Western China. The above is only an epitome of foreign-funded enterprises increasing their distribution in China. In the first year of the 14th five year plan, a number of landmark large projects such as ExxonMobil Chemical in Huizhou, Guangdong, SK new energy in Yancheng, Jiangsu, GAC Fiat Chrysler in Changsha, Hunan and kaishike supermarket in Shanghai were implemented or increased in capital one after another, promoting China's absorption of foreign capital to achieve steady progress and new breakthroughs in scale and structure. Nie Pingxiang said that due to the repeated impact of the epidemic, the global economic recovery was slow in 2021, but China's macroeconomic growth maintained stable growth. The latest world economic outlook released by the International Monetary Fund (IMF) predicts that the global economy will grow by 5.9% in 2021, including 5.2% in developed countries, 6.4% in emerging economies and developing countries, and 8.0% in China. "Due to the rising uncertainty of global economic recovery, China's economy continues to be stable and good, which provides greater confidence for multinational corporations to invest in China." Nie Pingxiang said. More high-level opening-up measures have been put on the agenda. The central economic work conference held recently made it clear in the deployment of economic work in 2022 to expand high-level opening-up, promote institutional opening-up, implement the national treatment of foreign-funded enterprises, attract more investment from multinational corporations, and accelerate the implementation of major foreign-funded projects. Han Wenxiu, deputy director in charge of daily work of the office of the central financial and Economic Commission, said that we should further improve the market-oriented, legalized and international business environment, attract more multinational companies to invest in China, accelerate the implementation of major foreign investment projects, and make China continue to become a fertile land for foreign investment. Previously, the "14th five year plan" for the development of foreign investment utilization (hereinafter referred to as the "plan") issued by the Ministry of Commerce has made arrangements in many aspects, such as further reducing the negative list of foreign investment access, relaxing the access threshold in key areas, continuously reducing market access restrictions, improving the catalogue of industries encouraging foreign investment, and improving the public service system for foreign investment. Meng Huating, deputy director of the foreign investment department of the Ministry of Commerce, told the reporter of the economic information daily that the planning not only takes "stabilizing the total amount and optimizing the structure" as a basic principle, but also puts forward the development goal of "further improving the structure of utilizing foreign capital", Specifically, "the industrial structure of foreign investment is more optimized, the level of attracting foreign investment in high-tech industries, strategic emerging industries and modern service industries is significantly improved, the regional layout of foreign investment is more reasonable, and the main structure of foreign investment is more perfect." The continuous release of favorable opening-up has further stabilized the confidence of foreign businessmen in China. According to the recent questionnaire survey of the Ministry of Commerce, 93.3% of the more than 3000 key foreign-funded enterprises are optimistic about the future development prospects. According to a recent report released by foreign chambers of Commerce in the United States, Europe and Japan, nearly two-thirds of American enterprises, 59% of European enterprises and 36.6% of Japanese enterprises plan to expand their investment in China. Looking forward to 2022, China has stronger confidence in stabilizing foreign investment. Zhang Fei said that although China's attraction of foreign investment faces multiple challenges and impacts such as the continuation of the global epidemic and the reconstruction of the global supply chain. However, under the overall development policy of stabilizing China's economy and seeking progress while maintaining stability, the fundamentals of stabilizing foreign investment remain unchanged in 2022, and foreign-funded enterprises can participate in China's economic development and share development dividends. Nie Pingxiang also believes that China has broad prospects for absorbing foreign investment in the future and is expected to achieve stability and quality improvement. Among them, the utilization of foreign capital in high-tech fields will maintain growth. "On the one hand, under the new development pattern, China pays more attention to technological innovation and will actively encourage multinational corporations to carry out R & D in China; on the other hand, digital technology promotes the accelerated development of industrial digitization and digital industrialization, which will provide more opportunities for the utilization of foreign capital in high-tech fields." (outlook new era)

Edit:Ming Wu    Responsible editor:Haoxuan Qi

Source:jjckb.cn

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