(The 3rd CIIE) Voice of CIIE: China's foreign investment will continue to expand
China News Service, Shanghai, November 9th (Reporter Zhu Xiaoying) As a supporting event of the Shanghai International Import Expo, the World M&A Conference was held on the 9th at the National Convention and Exhibition Center (Shanghai).
A number of financial experts talked about the M&A market under the changing global situation, and it is the consensus of the industry that China's outbound investment will continue to expand.
Zhang Shenfeng, vice president of China Council for the Promotion of International Trade and China Chamber of International Commerce, said that the world today is facing major changes unseen in a century.
Under the new crown pneumonia epidemic, international trade and investment have shrunk, and major international exchanges have been restricted.
China continues to unswervingly expand its opening up in an all-round way and promote the construction of an open economy in order to cope with the global crisis and achieve long-term sustainable development.
China's outbound investment will continue to increase, and its connection with the world economy will become closer.
Due to effective epidemic prevention and control, China's main economic indicators in the first three quarters turned from negative to positive.
Zhang Shenfeng said that China's long-term economic growth will create more opportunities for the world in all fields.
Zhang Shenfeng said that the business community is a powerful promoter and participant of economic globalization.
Over the past 40 years of reform and opening up, mergers and acquisitions of Chinese enterprises have experienced a process from scratch to complexity.
In the era of globalization, mergers and acquisitions, as one of the effective ways for modern enterprises to grow bigger and stronger, are an effective way of resource allocation, which can not only enhance the core competitiveness of enterprises, but also promote industrial integration and industrial upgrading.
Relevant international organizations and institutions predict that the value of international direct investment and mergers and acquisitions will drop sharply in 2020.
Dai Xianglong, the former governor of the People's Bank of China, believes that this is mainly due to the impact of the new crown pneumonia epidemic and the challenge of trade protectionism and unilateralism.
In Dai Xianglong's view, China's economy will remain stable and improve.
Within five years, China's foreign direct investment and foreign investment in China will be among the top in the world.
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