The Sino Italian helicopter project with a total investment of 12.8 billion yuan was settled in Zhejiang, the modern automobile hydrogen fuel cell power system project base with a total investment of 5 billion yuan was settled in Guangdong, and the Apollo pure electric sports car industry project with a total investment of more than 2 billion yuan was settled in Shanghai... This is the latest investment project related to the China International Import Expo. The leading investors of these projects, who were once exhibitors in the Expo, have now become firm investors in China. From November 5 to 10, the fifth China International Fair will be held in Shanghai. According to the data from the Ministry of Commerce, more than 270 billion US dollars were intended to be transacted in the past four sessions of the Expo. At the same time, China's absorption of foreign capital continued to grow. According to the data of the Ministry of Commerce, in 2019, 2020 and 2021, China's actual utilization of foreign capital was 941.5 billion yuan, 999.98 billion yuan and 1149.36 billion yuan respectively, up 5.8%, 6.2% and 14.9% on a year-on-year basis. Shanghai has become the "first beneficiary" of the spillover effect of the Expo. According to the data released by the Shanghai Development and Reform Commission, from January to August this year, Shanghai actually used $16.3 billion of foreign capital, up 8.4% year on year. Over the same period, the actual use of foreign capital in Shanghai's manufacturing industry increased by 20.8%, with high-tech manufacturing accounting for 80%. In the first three quarters of this year, there were 46 newly identified regional headquarters of multinational companies and 17 foreign-funded R&D centers in Shanghai, totaling 877 and 523 respectively. The headquarters economy accelerated its concentration. In the past five years, foreign investment has continued to increase China's position. Japan's "King of Glass" firmly supports China's development. Toshida Minyu, Executive Director of Japan AGC Co., Ltd. and General Representative of AGC Group in China, is an old friend of the Expo. He can skillfully shuttle between venues in the "four leaf clover" without getting lost, and quickly find his own company's exhibition platform. Since 2018, AGC and Ueda Minyu will not be absent from each fair. This year, with the theme of "Carbon Neutralization" and "AGC Innovative Materials, Defending the Blue Planet", AGC has demonstrated nearly 40 world leading material products and innovative achievements. "We hope to use the power of materials to promote development in EV electric vehicles and the new infrastructure field advocated by China." Ueda Minyu said. Since AGC entered China in the 1970s, it has been developing in China for more than 40 years, realizing the transformation from product manufacturing to "manufacturing and sales". At present, AGC has landed the world's first large and complex shape vehicle mounted display panel glass production line in Suzhou, and built the world's largest LCD glass substrate 11th generation factory in Shenzhen. The relevant projects brought 350 technicians from Japan, Italy, Belgium, Germany and other countries to China. "We pay special attention to the Chinese economy and the Chinese market, and will have closer ties with China in the future. We hope that this Expo will release a strong signal of China's economic development to the outside world." Ueda Minyu said that the current global economy has reached a deadlock due to the COVID-19, and foreign enterprises in China are very concerned about the next development trend of China's economy.
Edit：Yi Bing Responsible editor：Wei Li Bin
Source：Economic Information Daily
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