In the first eight months, China's absorption of foreign capital increased by 16.4%, and the high-tech industry showed outstanding performance
2022-09-28
On September 19, the data released by the Ministry of Commerce showed that from January to August this year, China absorbed 892.74 billion yuan of foreign capital, a year-on-year increase of 16.4% on a comparable basis (the same below). Experts in the industry said that China's absorption of foreign capital showed a steady and increasing growth overall, and continued to optimize its structure, especially in high-tech industries. Nie Pingxiang, a researcher from the Research Institute of the Ministry of Commerce, told the Economic Information Daily that from the overall scale, China's absorption of foreign capital has maintained a rapid growth trend, which fully demonstrates the resilience of China's economic development in the medium and long term and the strong "attraction" of the domestic large market to transnational corporations. In her view, despite the obvious challenges and pressures at home and abroad, transnational corporations continue to be optimistic about the Chinese market because of the attraction of China's huge market for foreign capital and the introduction of a series of measures to stabilize foreign capital, such as deepening reform and opening up and optimizing the business environment. Zhu Keli, the founding president of the National Research Institute of New Economics and the president of the Bay Area New Economic Research Institute, also said in an interview with the Economic Reference Daily that since this year, while implementing various practical measures to stabilize foreign investment, China has given full play to the role of mechanisms such as stabilizing foreign investment at all levels and ensuring smooth logistics, increased policy support for stabilizing foreign investment, further relaxed foreign investment market access, and continued to optimize the foreign investment environment, We will promote the implementation of large foreign investment projects. "By improving the legal environment for foreign investment, stabilizing the expectations of foreign-funded enterprises, and enhancing the sense of acquisition of foreign-funded enterprises, the effects of the opening up policy are constantly emerging. In addition, the implementation of a package of policies and measures to stabilize the economy has effectively stabilized the demand for investment and achieved high-quality attraction of foreign investment. On this basis, China's overall absorption of foreign investment has shown a steady and rising growth trend." It is worth noting that while the total amount is improving, China's absorption of foreign capital also presents a series of structural highlights. In terms of industry, in the first eight months, China's service industry actually used 662.13 billion yuan of foreign capital, an increase of 8.7%. The actual use of foreign capital in high-tech industries increased by 33.6%, including 43.1% in high-tech manufacturing and 31% in high-tech service industries. From the source, the actual investment in China of South Korea, Germany, Japan and the United Kingdom increased by 58.9%, 30.3%, 26.8% and 17.2% respectively (including the investment data through the free port). In terms of regional distribution, the actual use of foreign capital in the eastern, central and western regions of China increased by 14.3%, 27.6% and 43% respectively. Zhu Keli's analysis shows that the use of foreign capital in high-tech industries and service industries is outstanding, and the innovation of foreign high-tech industries accelerates the development of clusters, platforms and ecology. This is inseparable from China's encouraging foreign investment to participate in high-quality development of China's manufacturing industry, new infrastructure construction and innovation driven development. In the high-tech service industry related to the manufacturing industry, scientific research, technical services, information transmission, computer services and other investment introduction have achieved substantial growth. Zhou Mi, a researcher from the Research Institute of the Ministry of Commerce, also believes that the accelerated growth of foreign investment in high-tech manufacturing and service industries shows that foreign investors want to use China's development environment to achieve more profits, greater market share, and improve their position in the global value chain. At the same time, this layout also shows that China's innovation
Edit：Yi Bing Responsible editor：Wei Li Bin
Source：Economic Information Daily
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