The charm of China's "magnetic field" will only increase and will attract widespread attention from global capital

　　The charm of China's "magnetic field" only increases (open talk)

　　Foreign trade and foreign investment are an important driving force for the development of the national economy. Stabilizing foreign trade and foreign investment is an important part of the "six stability" and "six guarantees."

Although affected by factors such as the global spread of the new crown pneumonia epidemic and international economic and trade frictions, relevant data shows that the fundamentals of China's long-term economic growth have not changed, the effect of attracting foreign capital has been better than expected, and the charm of China's "magnetic field" has only increased.

According to data released by the Ministry of Commerce, from January to August this year, there were 22,602 newly established foreign companies in China, including 20079 newly established foreign-invested companies in the service industry; the actual use of foreign capital in the country was 619.78 billion yuan, a year-on-year increase of 2.6%.

In August, the country’s actual use of foreign capital was 84.13 billion yuan, a year-on-year increase of 18.7%, and the growth rate hit a new high this year.

　　Since the beginning of this year, China has shown four characteristics in attracting foreign investment: First, the structure of foreign investment has been further optimized.

From January to August, the utilization of foreign capital in high-tech industries continued to maintain a relatively high growth rate.

Second, the service industry played a supporting role.

In the first eight months, the service industry actually absorbed 476.61 billion yuan of foreign investment, an increase of 12.1% year-on-year, accounting for 76.9% of China's foreign investment.

Among them, the actual use of foreign capital in the high-tech service industry was 138.78 billion yuan, a year-on-year increase of 28.2%, accounting for 29.1% of the service industry; the actual use of foreign capital in information services, R&D and design services, and technological achievement transformation services increased by 24% and 47.3% respectively. And 20.2%.

Third, the main sources of investment remained stable.

From January to August, the actual foreign investment in Hong Kong, Singapore, and the United Kingdom increased by 10%, 8.9% and 17.2% year-on-year respectively.

Fourth, large-scale foreign investment projects and high-quality foreign investment projects continue to land.

In the first seven months of this year, 68% of large foreign-funded projects over 100 million U.S. dollars accounted for.

Tesla's super factory in Shanghai, the Cummins engine project in Hefei, Anhui, the German BASF project in Zhanjiang, Guangdong, and the Swiss Ineos chemical project in Ningbo, Zhejiang have all landed. ExxonMobil, BMW, Toyota, INVISTA and many other multinational companies The continuous increase in investment and deployment in China fully reflects the firm confidence of foreign investors in China's long-term investment.

　　The better-than-expected results of China's absorption of foreign investment benefited from the great attention and scientific deployment of the Party Central Committee and the State Council.

After the outbreak of the new crown pneumonia epidemic, the Party Central Committee and the State Council scientifically deployed epidemic prevention and control work to coordinate the fight against the epidemic and economic and social development.

Regarding the stabilization of foreign investment as an important part of the “six stability” and “six guarantees”, it clearly stated that “stable the basic market for foreign investment in foreign trade” has pointed out the direction for the stabilization of foreign investment, and enabled all levels and departments to form a joint effort to stabilize foreign investment.

After China has achieved remarkable results in fighting the epidemic and took the lead in resuming work and production, foreign investment expectations and confidence have improved significantly, and new foreign investment has increased significantly.

　　China's absorption of foreign investment was better than expected, thanks to the continuous increase in foreign investment stabilization policies.

From February 18, the Ministry of Commerce issued the "Notice on Responding to the New Coronary Pneumonia Epidemic to Do a Good Job in Stabilizing Foreign Trade, Stabilizing Foreign Investment and Promoting Consumption", to March 9 the National Development and Reform Commission promulgated the "11 Measures for Stabilizing Foreign Investment"; from April 1 The Ministry put forward 24 measures to fully support foreign enterprises in restoring normal production and operation order and continuously optimizing the foreign investment environment. By August, the General Office of the State Council issued the "Opinions on Further Doing a Good Job in Stabilizing Foreign Trade and Foreign Investment," and a series of central and local governments issued The “combined punches” of the policy of stabilizing foreign investment effectively hedged against the adverse effects of the epidemic.

　　China’s ability to absorb foreign capital is better than expected, thanks to the continuous increase in service guarantees for foreign-funded enterprises.

In the face of difficulties such as suspension of outgoing negotiations due to the new crown pneumonia epidemic, suspension of business visits, and hindrance in the promotion of foreign-funded projects, relevant state ministries and commissions, in accordance with the deployment of the State Council, improved the foreign trade and foreign capital coordination mechanism, established a sound information reporting system, strengthened command and dispatch, and resolved foreign companies in a timely manner Difficulties and problems encountered in the resumption of work and production.

Many provinces, autonomous regions and municipalities have set up special classes for key foreign-funded projects, focusing on large-scale foreign-funded projects and platforms, strengthening corporate service guidance, coordinating and promoting relevant departments and localities to provide "one-to-one" services, and taking the lead in coordinating and solving the epidemic prevention of foreign-funded enterprises and key foreign-funded projects Various issues such as material security, upstream and downstream industry coordination, and the entry of executives and technicians to resume work and production.

　　The better-than-expected results of China's absorption of foreign investment benefited from the continuous improvement of the business environment.

Since the beginning of this year, the Foreign Investment Law and its supporting regulations have been formally implemented, and the approval or filing of the establishment and changes of foreign-invested enterprises by the competent commercial departments at all levels has been completely cancelled. The information reporting system for foreign investment has been implemented to further enhance the level of liberalization and facilitation of foreign investment. .

At present, the 2020 version of the Catalog of Industries Encouraged by Foreign Investment is being released, and on the basis of maintaining the stability of existing entries, the scope of encouraging foreign investment will be further expanded.

At the same time, the construction of open highlands in the pilot free trade zone is accelerating, and policies and measures for further opening up and innovative development will be promoted.

　　It is believed that with the continuous improvement of China's business environment, the continuous deepening of pilot expansion and opening up of the service industry, and the continuous expansion of foreign market access, foreign investment expectations and confidence in China will be more stable, and the Chinese market will receive extensive attention from global capital.

　　Zhao Jing