Chinanews, April 23. What is the effect of China's service industry expansion in recent years on the use of foreign capital?
Zong Changqing, Director of the Foreign Investment Department of the Ministry of Commerce, revealed on the 23rd that during the 13th Five-Year Plan period, China’s service industry attracted an average annual growth of 4.4% of foreign investment, and its proportion increased from 69.8% in 2015 to 78.5% in 2020, helping China in 2020 Become the world's largest foreign capital inflow country.
Data map: China-Europe train.
Photo by Lu Jin issued by China News Service
On the 23rd, the Ministry of Commerce held a special press conference on the comprehensive pilot project of expanding the opening up of new service industries. Zong Changqing made the above statement when answering questions from reporters.
According to Zong Changqing, in recent years, in accordance with the deployment of the Party Central Committee and the State Council, China has taken multiple measures to expand the opening up of the service industry.
Mainly carried out three aspects of work:
One is to reduce the negative list of foreign investment access.
The national negative list has been reduced from 93 items in 2015 to 33 items in 2020, and 60 items have been reduced. Among them, service industry items have been reduced by 30 items, for example, items in transportation, value-added telecommunications, financial services and other fields have been reduced. .
The second is to expand the catalog of industries that encourage foreign investment.
Encouragement items in the national edition increased from 349 items in 2015 to 480 items in 2020, of which 48 items were added to the service industry, for example, items in the fields of R&D and design, information services, and technical services were added.
The third is to promote the expansion and opening of comprehensive pilot projects in the service industry.
In the past five years, we have carried out three rounds of comprehensive pilot projects for the expansion and opening of the service industry in Beijing to create a comprehensive demonstration zone for the expansion and opening of the national service industry.
Since the implementation of the pilot program, Beijing’s service industry has absorbed 568.6 billion yuan of foreign investment, accounting for 96.9% of Beijing’s total foreign investment and 14.8% of the nation’s service industry (excluding banking, securities, and insurance data).
Zong Changqing pointed out that, driven by a series of opening-up measures, during the 13th Five-Year Plan period, my country’s service industry attracted an average annual growth of 4.4%, and its proportion increased from 69.8% in 2015 to 78.5% in 2020, helping my country in 2020 Became the world's largest foreign capital inflow country in 2015.
In the first quarter of this year, my country's utilization of foreign capital achieved rapid growth. The service industry continued to become the "main engine" of foreign capital growth. The actual use of foreign capital was 237.79 billion yuan, a year-on-year increase of 51.5%, accounting for 78.6%.
Among them, the high-tech service industry grew by 43.9%.
Zong Changqing said that years of reform and opening up have proved that the increase in foreign investment in the service industry has led to the optimization and upgrading of China's industrial structure, better meeting the needs of the people for consumption upgrades, and making important contributions to stabilizing foreign investment. This is also one of the important reasons for China to continue to expand the opening up of the service industry and to increase the number of comprehensive pilots for expanding the opening up of the service industry.