Foreign Investment Blows "Innovation Wind" and "Investment Year in China" Investment Promotion Activity Held in Guangdong Today

2023-03-29

On March 28th, the launching ceremony of the "Year of Investing in China" investment promotion activity was held in Guangzhou. Today (29th), there will also be a special promotion event in Guangdong. Next, the Ministry of Commerce will hold more than 20 key activities around the "Year of Investment in China". Investing in China and Guangdong has a huge market and unlimited potential. Nearly 100 well-known multinational companies, such as BASF, ExxonMobil, Panasonic, Sanofi, Xinhua Group, HSBC Group, have gathered together to develop together with China and Guangdong. Innovative research and development and advanced manufacturing have become the new focus of foreign investment. "China is a big manufacturing country, but also a big R&D and innovation country." said Hiroshi Honda, president of the Japan Chamber of Commerce in China and the world's first vice president of Panasonic Group. Currently, Panasonic has nearly 10000 R&D personnel in China, and continues to increase its R&D efforts in China. Foreign enterprises' investment in China and Guangdong is just the time to hold the "Year of Investment in China" investment attraction activity, which aims to convey China's confidence and determination to unswervingly promote a high level of opening up to the outside world, comprehensively display the investment opportunities and development prospects of China and Guangdong, build a platform for win-win cooperation, co creation and sharing for investors, and constantly provide new opportunities for the world with China's new development in the process of vigorously promoting Chinese path to modernization, Jointly promote the construction of an open world economy. "The 'Year of Investing in China' not only invites us to participate in China's success, but also calls for us to work together with a country that has the potential to promote change globally." Rebecca Greenspan, Secretary General of the United Nations Conference on Trade and Development, said in a video statement. Guangdong, the venue of the launch ceremony, is an important window to showcase China's achievements in reform and opening up to the world, as well as an important window for the international community to observe China's reform and opening up. In the decade of the new era, Guangdong has opened its door wider and wider, attracting more than 550 billion US dollars of foreign investment, ranking among the top in the country. From the perspective of market size, Guangdong's economic aggregate has ranked first in the country for 34 consecutive years. Over 16 million market entities in the province have flourished, with over 40 million middle-income groups, strong consumption capacity, and a huge market scale. From the perspective of industrial environment, Guangdong has a complete range of industries, with 8 trillion yuan industrial clusters, over 69000 high-tech enterprises, and the comprehensive capacity of regional innovation ranking first in the country for six consecutive years. From the perspective of development advantages, Guangdong is adjacent to Hong Kong and Macao, bordered by the sea and rivers, with convenient transportation by sea, land, and air. World-class airport clusters and port clusters connect both inside and outside. It has free trade pilot zones, various development zones, and open platforms such as the Canton Fair and the High Speed Fair. Guangdong is an important destination for multinational enterprises to invest, and multinational enterprises have also become participants, promoters, and beneficiaries of Guangdong's opening up. "Since 2020, we have successively built and expanded new business bases in 14 regions of China, including 6 in Guangdong." In a speech at the launch ceremony, Mr. Motsuma said that Panasonic has invested in Guangdong for more than 30 years, established 11 enterprises, with a total of 17000 employees, and an annual sales volume of 17 billion yuan. Multinational enterprises are optimistic about China's development prospects. Among the foreign entrepreneurs attending the meeting, there are many "old friends" who have traveled thousands of miles to China. "I am very happy to meet China again after the epidemic. I have been to Shanghai, Guangzhou, Shenzhen, and Beijing in the past week, and I am very happy to see that

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