(Economic Watch) China remains attractive to global investors
China News Agency, Beijing, September 19 (Reporter Li Xiaoyu) China is still a favorite place for global investors.
The latest official data shows that in the first eight months of this year, China's actual use of foreign capital was 892.74 billion yuan (RMB, the same below), a year-on-year increase of 16.4%.
Among them, South Korea's actual investment in China increased by nearly 60%, and Germany, Japan, and the United Kingdom's investment in China also increased by double-digits.
In 2021, China's actual use of foreign capital will exceed 1.1 trillion yuan, an increase of 14.9% over the same period of the previous year.
Analysts believe that considering multiple favorable conditions, China's foreign investment will likely maintain a double-digit growth rate this year.
On the one hand, the current Chinese economy continues to show strong resilience, and many economic data in August were better than expected.
For example, the added value of industrial enterprises above designated size increased by 4.2% year-on-year, the fastest growth rate since March this year; the total retail sales of consumer goods increased by 5.4% year-on-year, twice the growth rate of the previous month and a new high in six months.
In addition, the investment in fixed assets in the first eight months increased by 5.8% year-on-year, 0.1 percentage points faster than that in the first seven months, which was the first rebound in recent years.
The data of "floating red" shows that China's economy is recovering steadily and the prosperity is at a high level.
The economic outlook is good, which is the most important basis for attracting global investors.
On the other hand, China is continuously improving its business environment and actively responding to the reasonable demands of foreign-funded enterprises.
Ministry of Commerce spokesperson Shu Jueting said a few days ago that the Ministry of Commerce, together with relevant departments, has established a special class for key foreign-funded projects, and has solved a total of 611 problems and difficulties reported by foreign-funded enterprises and projects.
At the same time, actively coordinate and accelerate the administrative approval, filing and other matters involved in the project, ensure the reasonable demand for project funds, land, energy and other elements, and strive to promote the signing of a number of projects under negotiation, the start of construction of a number of contract projects, and the construction of a number of projects under construction. The project is completed and put into production.
According to the research conducted by the China Council for the Promotion of International Trade, the current demands of foreign companies on China's business environment mainly focus on coordinating epidemic prevention and control, enterprise production and operation, and improving the convenience of foreign business personnel to work in China.
In this regard, the executive meeting of the State Council last week made it clear that it is necessary to strengthen the guarantee of factors, promote the implementation of a number of key foreign-funded projects as soon as possible, and further facilitate the entry and exit of foreign companies, technicians and their families.
Xu Qiyuan, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said that China's attractiveness to foreign-funded enterprises is mainly due to its huge market size and high investment returns.
However, in the current situation of increasing various risks and uncertainties, the decision-making of foreign companies does not only consider economic interests, but also the security of investment.
Improving the business environment and making policy formulation more scientific and predictable will help boost the confidence of foreign-funded enterprises operating in China.
Wei Jianguo, vice chairman of the China Center for International Economic Exchanges, said in an interview with a reporter from China News Agency that in the future, in addition to ensuring the smooth progress of key foreign investment projects, China can also create conditions to attract a large number of small and medium-sized European enterprises that play the role of "hidden champions" to invest in China. , which will help attract foreign investment to further improve quality and efficiency.
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