[Commentary] On September 8, the National Development and Reform Commission held a special press conference.
According to Liu Xiaonan, Director of the Foreign Investment Department of the National Development and Reform Commission, foreign capital inflows have continued to grow steadily since the beginning of this year.
From January to July this year, China attracted US$100.74 billion in foreign investment, a year-on-year increase of 30.9%.
[Concurrent] Liu Xiaonan, Director of the Foreign Investment Department of the National Development and Reform Commission
From January to July this year, the country attracted US$100.74 billion in foreign investment, a year-on-year increase of 30.9%.
Of particular concern here is that the high-tech manufacturing and high-tech service industries attracted foreign investment of 7.12 billion U.S. dollars and 25.15 billion U.S. dollars, respectively, with a year-on-year increase of 34.6% and 40.6%, which were higher than the average growth rate.
From January to July this year, the operating income and total profits of foreign-funded industrial enterprises above designated size were 15.94 trillion yuan and 1.33 trillion yuan respectively, representing a year-on-year increase of 21.6% and 46.0%, which were also significantly better than the same period in 2019.
The survey shows that the Chinese market has become the "main engine" for the performance growth of many well-known multinational companies.
[Explanation] Liu Xiaonan pointed out that, on the whole, foreign-funded enterprises are optimistic about China's economic development prospects, recognize China's business environment, have confidence in investing in China, "will not leave the Chinese market", and will grow together with the Chinese economy.
[Concurrent] Liu Xiaonan, Director of the Foreign Investment Department of the National Development and Reform Commission
A survey by the European Chamber of Commerce in China shows that 60% of European-funded enterprises will expand their business in China, an increase of 8% over the same period last year.
According to a survey by the American Chamber of Commerce in China, 81% of US-funded companies expect to achieve positive growth in operating income in the Chinese market this year, and 66% of US-funded companies plan to increase investment in China, an increase of 5 and 3 percentage points respectively over 2020.
The "Chinese Economy and Japanese Enterprises 2021 White Paper" shows that 92.8% of Japanese companies in China will not adjust their production bases due to factors such as the spread of the new crown pneumonia epidemic and changes in the trading environment.
[Explanation] Regarding the decline in investment growth in July, Lu Wenbin, deputy director of the Investment Department of the National Development and Reform Commission and first-level inspector, responded that in 2021, affected by the base effect, the investment growth rate will be "high before and low", and the overall growth rate will continue to recover. The momentum of growth.
[Concurrent] Lu Wenbin, Deputy Director of the Investment Department of the National Development and Reform Commission
Regarding the growth rate of investment, I just introduced one point.
From January to July this year, investment increased by 10.3% year-on-year, a drop of 2.3 percentage points from the first half of the year.
The August data has not yet come out. Our overall analysis shows that since the beginning of this year, under the influence of the base effect, the investment growth rate has been "high in the beginning and low in the end", and the overall growth trend has been maintained.
At the same time, recent floods, epidemics and other factors have had a certain impact on investment growth.
But on the whole, investment still has the conditions to maintain stable growth.
Dong Zeyu reports from Beijing
Editor in charge: 【Luo Pan】