People's Financial Review: Going Global at a High Level to Sing the Voice of Global Common Development

2023-10-12

Recently, the Ministry of Commerce, the National Bureau of Statistics, and the State Administration of Foreign Exchange jointly released the "2022 Statistical Bulletin of China's Foreign Direct Investment" (hereinafter referred to as the "Bulletin"), which shows that in 2022, China's foreign direct investment flow reached 163.12 billion US dollars, ranking second in the world, and China's foreign investment scale remains at the forefront of the world. Currently, the world has entered a new period of turbulence and change, with an increase in uncertain, unstable, and unpredictable factors. Affected by downward risks such as geopolitical tensions, inflation, and increased financial instability, the world economy has shown a significant slowdown in recovery. Data shows that in 2022, the global outflow of foreign direct investment decreased by 14%, and the scale of cross-border mergers and acquisitions significantly decreased. Against the backdrop of a complex and severe external environment, as a key force in global economic development and trade circulation, China is steadfastly expanding its opening up, increasing efforts to attract foreign investment on the one hand, and actively integrating into the global industrial and supply chain system on the other hand, adding a touch of brilliance to the global economic and trade exchanges shrouded in the haze. Looking at it from the perspective of historical depth, we can more clearly feel the resilience of China's outward investment development. Since the release of annual outbound direct investment statistics in 2003, China has been ranked among the top three global outbound direct investment flows for 11 consecutive years. In 2022, the flow was 60 times that of 2002, with an average annual growth rate of 22.8%, making China's contribution to the world economy increasingly prominent. Since the 18th National Congress of the Communist Party of China, China's cumulative outward direct investment has reached $1.51 trillion, accounting for over 10% of the global share for seven consecutive years. From the perspective of investment flow, China's outward investment structure is becoming more optimized. In 2022, China's outward direct investment covered 18 major industries in the national economy, with investments flowing to leasing and business services, manufacturing, finance, wholesale and retail, mining, transportation, and other fields exceeding ten billion US dollars. From the perspective of coverage, China's overseas enterprises cover over 80% of countries and regions worldwide. At the end of 2022, Chinese domestic investors established approximately 47000 overseas enterprises in 190 countries and regions worldwide. It is worth noting that by the end of 2022, China has set up 16000 overseas enterprises in countries jointly building the "the Belt and Road". This year marks the tenth anniversary of the joint construction of the "the Belt and Road" initiative. From 2013 to 2022, the two-way investment between China and the co construction countries has exceeded 380 billion dollars, of which China's foreign direct investment has exceeded 240 billion dollars. From the China Laos Railway to the Ya'an Wanzhou High speed Railway, from infrastructure connectivity to the construction of water, energy and other projects benefiting the people, Chinese enterprises have effectively invested to drive the economic growth and improve the people's livelihood of the country. Looking globally, China's outward investment has brought a large number of employment opportunities and taxes to destination countries and regions, playing an irreplaceable role in promoting local economic development. According to the Gazette, in 2022, Chinese overseas enterprises will pay $75 billion in taxes to their investment locations, an increase of 35.1%. At the end of 2022, the total number of employees in overseas enterprises exceeded 4.1 million, of which nearly 2.5 million were employed by foreign employees. Since 2003, China has accumulated various taxes and fees of 443.2 billion US dollars in the countries (regions) where the investment is located, with an average annual income of

Edit:Luo yu    Responsible editor:Jia jia

Source:people.cn

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