In the first three quarters, the country’s actual use of foreign capital was 718.81 billion
yuan The cumulative indicators of RMB and U.S. dollar achieved “double
Beijing, October 16, reporter Feng Qiyu reported: According to the latest data released by the Ministry of Commerce on the 16th, in the first three quarters of this year, the actual use of foreign capital across the country was 718.81 billion yuan, a year-on-year increase of 5.2% (equivalent to US$103.26 billion, a year-on-year increase of 2.5%) .
This is the first time that my country’s actual use of foreign capital this year has achieved a “double conversion” in the cumulative indicators of RMB and USD.
In the first eight months, the country’s actual use of foreign capital was 619.78 billion yuan, a year-on-year increase of 2.6%, but in US dollars, it was US$89 billion, a year-on-year decrease of 0.3%.
Looking at the situation in a single month, the actual use of foreign capital in September was 99.03 billion yuan, a year-on-year increase of 25.1% (equivalent to US$14.25 billion, a year-on-year increase of 23.7%), achieving a year-on-year growth for 6 consecutive months.
From the quarterly perspective, the actual use of foreign capital in the third quarter increased by 20.4% year-on-year, which was significantly higher than the -10.8% in the first quarter and 8.4% in the second quarter.
In terms of industries, high-tech service industries are a popular option for foreign companies to invest in China.
According to data from the Ministry of Commerce, in the first three quarters, the actual use of foreign investment in the service industry was 559.68 billion yuan, an increase of 15% year-on-year; the high-tech service industry increased by 26.4% year-on-year, including e-commerce services, professional technical services, R&D and design services, and technological achievements transformation services Year-on-year increases were 18.5%, 92.5%, 72.8%, and 31.2%.
In terms of major sources of investment, in the first three quarters, the actual amount of foreign investment in Hong Kong, Singapore, the United Kingdom, and the Netherlands increased by 11%, 8.6%, 32.8%, and 150% respectively year-on-year.
Statistics show that in the first seven months of this year, the actual use of foreign capital in RMB has achieved positive growth.
Prior to this, Gao Feng, the spokesperson of the Ministry of Commerce, said that with the current global transnational direct investment still in a severe downturn, my country's actual use of foreign capital has achieved growth against the trend, and the results have not come easily.
This is due to the great attention paid by the Party Central Committee and the State Council to the work of stabilizing foreign investment, and the introduction of a series of foreign investment stabilization policies and measures. China’s business environment has continued to improve; it also fully demonstrates that China’s economy is resilient and has great potential, and attracts foreign investment Strength only increases.
Industry experts believe that the further improvement in China's absorption of foreign capital is attributable to the continuous increase in foreign investment policies in response to the new crown pneumonia epidemic and the continuous improvement of the business environment.
Considering that the world economy has been severely impacted by the epidemic, the situation of stabilizing foreign capital in my country remains grim.
China should further deepen reforms, expand opening up, and continuously increase the attractiveness of foreign investment.