What has been the situation of China's foreign investment and cooperation since the beginning of this year? What are the new highlights of the development of service trade? What measures will China consider taking to respond to the administrative order on investment restrictions in China issued by the US? The Ministry of Commerce held a regular press conference on the 17th to respond to recent economic and trade hotspots. In the first seven months, China's outward non-financial direct investment increased by 18.1% year-on-year (equivalent to 71.93 billion US dollars, a year-on-year increase of 10.6%), according to Shu Jueting, a spokesperson for the Ministry of Commerce, at a press conference. From January to July of this year, China's outward investment continued to grow, with non-financial direct investment reaching 50.94 billion RMB, a year-on-year increase of 18.1% (equivalent to 71.93 billion US dollars, a year-on-year increase of 10.6%). From January to July this year, non-financial direct investment of Chinese enterprises in countries along the "the Belt and Road" was 95.34 billion yuan, up 23.2% year on year (equivalent to 13.69 billion dollars, up 15.3% year on year), accounting for 19% of the total amount in the same period. From January to July of this year, China completed a turnover of 563.76 billion yuan in foreign contracted projects, an increase of 6.3% year-on-year; The newly signed contract amount is 746.36 billion yuan, a year-on-year increase of 0.6%. The turnover of contracted projects undertaken by Chinese enterprises in countries along the "the Belt and Road" is 312 billion yuan, and the newly signed contract amount is 367.23 billion yuan, accounting for 55.3% and 49.2% of the total amount in the same period respectively. The "circle of friends" in service trade is expanding day by day. Shu Jueting introduced that in recent years, China's international cooperation in service trade has been continuously deepening, with more than 200 countries and regions communicating with China in service trade, and signed memorandums of cooperation in service trade with 15 countries. The "circle of friends" in service trade is expanding day by day. "Since this year, the Ministry of Commerce has actively promoted and co built the" the Belt and Road "countries, the BRICS countries, the SCO and other countries to strengthen service trade dialogue and exchange, promote the establishment of cooperation mechanisms with relevant countries, deepen cooperation with key countries, and improve the network of international cooperation in service trade; actively play the role of key exhibition platforms such as the World Trade Fair and the World Trade Fair to provide international public goods and Effective carrier She said. It is reported that in the first half of this year, China's service trade maintained a stable growth overall, with a total import and export volume of 3135.84 billion yuan, an increase of 8.5% year-on-year. Among them, knowledge intensive service trade accounted for 43.5%, an increase of 1.5 percentage points compared to the previous year, and the import and export of travel services increased by 65.4%, making it the fastest growing service trade field. We are conducting a comprehensive evaluation of the impact of the US investment restriction administrative order on China. In response to the US government's issuance of the investment restriction administrative order on the 9th local time, which restricts US investment in some high-tech industries in China, Shu Jueting said that the US move is harmful to others and herself, and China has expressed serious concern about this. The Ministry of Commerce of China recently held discussions with enterprises to understand the actual impact of administrative orders on enterprises. Based on this, we are conducting a comprehensive evaluation of the impact of administrative orders and will take necessary response measures based on the evaluation results, "she said. In response to some people in the United States claiming that "China, in order to help Chinese companies replace American companies, forcibly or through mergers and acquisitions to obtain American technology, data, and
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：XinhuaNet
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