Steady growth. What are the reasons for the accelerated inflow of foreign capital into my country in the first five months?

In the first 5 months, my country’s “transcript” of foreign investment was released a few days ago——

  According to data released by the Ministry of Commerce, from January to May, my country's actual use of foreign capital was 481 billion yuan, a year-on-year increase of 35.4% and a year-on-year increase of 30.3%.

  Comparing the data of foreign investment since this year, we can find that, regardless of the epidemic factor, compared with the same period in 2019, my country's foreign investment has shown a monthly growth trend: from January to May, the monthly cumulative foreign investment growth rate was 8.8% and 20.2 respectively. %, 24.8%, 30.1%, 30.3%, which also confirms that foreign capital is accelerating inflow into my country.

  "Since the beginning of this year, my country has bucked the trend in attracting foreign investment and has repeatedly reached new highs, showing an overall momentum of improvement, releasing the resilience and vitality of the world's most attractive investment destination." Liu Xiangdong, deputy director of the Economic Research Department of the China International Economic Exchange Center, told reporters .

  The rapid growth of more than 30% is certainly due to the low base of last year, but regardless of the cause of the epidemic, it is commendable that it can maintain a month-to-month growth compared with the same period in 2019. What are the reasons?

  China has effectively contained the epidemic in a timely and effective manner, and the sustained release of economic vitality is an important reason.

Margit Molner, director of the China Policy Research Office of the OECD, said that after the epidemic was brought under control, China's economy quickly resumed growth and became a more realistic destination for foreign direct investment.

  "The Chinese economy has been rebounding strongly." said Craig Allen, president of the US-China Business Council. Almost all member companies have seen China's great contribution to the world economy. "Our companies will cultivate the Chinese market for a long time."

  The continuous optimization of the economic structure and the continuous expansion of opening up are the underlying reasons why more and more foreign-funded enterprises invest in China and seize opportunities.

  Honeywell issued a pledge in April this year to achieve carbon neutrality targets for all business operations and facilities by 2035.

Lin Shiwei, President of Honeywell China, said: "China's carbon peak and carbon neutral goals bring development opportunities for companies. We will continue to increase investment in China and continue to develop technology to meet the energy and environmental needs of Chinese customers. Products and technologies."

  The relevant person in charge of Nestlé said that on the basis of the new investment of more than 1.4 billion yuan last year, Nestlé decided to increase its investment in China again.

The company's main product categories are included in the latest Chinese catalog of industries that encourage foreign investment, which makes Nestlé more confident in investing in China.

  The amount of foreign investment absorbed has increased in quality, and this feature is also reflected in the data of the Ministry of Commerce: From January to May, the actual use of foreign capital in the service industry was 381.9 billion yuan, an increase of 41.6% year-on-year.

The actual use of foreign capital in high-tech industries increased by 34.6%.

  According to the white paper on American companies in China released by the American Chamber of Commerce in China, about two-thirds of U.S.-funded companies regard China as a priority market for development and plan to increase investment in China in 2021.

According to a survey by the European Chamber of Commerce in China, 60% of the European companies surveyed plan to expand their business in China in 2021, which is an increase of nearly 10% from last year.

  In 2020, facing the impact of the new crown pneumonia epidemic, China has not only continued to open up to the outside world, but also launched a series of policy measures to expand opening up——

  Further reduce the negative list of foreign investment access; add comprehensive pilots for expanding the opening up of the service industry, and further relax foreign investment access in the fields of finance, culture, education, etc.; fully implement the Foreign Investment Law and its implementation regulations, and increase the protection of intellectual property rights; take the lead in completing the region Comprehensive Economic Partnership Agreement (RCEP) approval process...

  Gao Feng, a spokesperson for the Ministry of Commerce, said that the use of foreign capital this year will focus on stabilizing total volume, optimizing structure, and improving quality. The Ministry of Commerce will make greater efforts in the business environment, continue to lower the entry barrier for foreign investment, and promote more high-standard economic and trade agreements. agreement.

  Looking to the future, Liu Xiangdong said that China continues to deepen reform and opening up in an all-round way, further expand the space for stable foreign investment, and use diversified and open platforms such as pilot free trade zones and free trade ports, which will help to better attract foreign investment. It is expected to attract foreign investment this year. Continue to maintain a good posture.

(Xinhua News Agency, Beijing, June 13)

  Yu Jiaxin