On the morning of January 30, the China Council for the Promotion of International Trade held a press conference. Yang Fan, spokesperson of the China Council for the Promotion of International Trade, said at the meeting that creating a market-oriented, legal and international business environment is an important measure to further stabilize social expectations, boost development confidence, and stimulate market vitality. In recent years, various regions and departments have continuously stepped up reforms in key areas of the business environment, and China's business environment has continued to be optimized and improved.
Increased corporate satisfaction and enhanced sense of gain
The "2023 China Business Environment Research Report" (hereinafter referred to as the "Report") released by the China Council for the Promotion of International Trade today (30th) shows that in 2023, nearly 90% of the companies surveyed rated China's business environment as "satisfactory" or above. Comparing previous report data, from 2019 to 2023, the evaluation of China's business environment by the surveyed companies generally showed an upward trend.
According to reports, the evaluation index system of the report includes 12 areas including enterprise establishment and exit, infrastructure, life services, policy and government affairs, social credit, fair competition, social rule of law, technological innovation, human resources, financial services, fiscal and taxation services and customs services. level indicators. The survey results show that the three indicators of customs services, fiscal and taxation services, and social credit have higher evaluations, and the four indicators of human resources, customs services, infrastructure, and enterprise establishment and exit environment have increased year-on-year, and enterprises have an enhanced sense of gain.
From the perspective of operations and investment, "utilizing local resources" and "establishing production bases" are the main reasons for companies to invest in new factories; more than 70% of the companies surveyed have maintained revenue or increased, and nearly 80% of the high-tech companies surveyed have maintained revenue. or growth. From the perspective of market expectations, more than 70% of the surveyed companies have relatively positive market expectations after the epidemic situation stabilizes, and more than 50% of the surveyed foreign trade companies have seen an increase in order volume in 2023.
The Chinese market’s “magnetic attraction” to foreign investment is increasing
In the fourth quarter of 2023, the China Council for the Promotion of International Trade conducted a survey on nearly 600 foreign-funded companies. 68% of the foreign-funded companies surveyed were small and micro enterprises, and 65% of the industrial layout in China was concentrated in the processing and manufacturing link. On this basis, the "Research Report on China's Foreign Investment Business Environment for the Fourth Quarter of 2023" was compiled and completed.
Yang Fan pointed out that overall, in the fourth quarter of 2023, the foreign-invested enterprises surveyed continued to increase their satisfaction with China's business environment, and the proportion of "satisfactory" and above evaluations for all indicators increased compared with the third quarter. Among them, the proportion of enterprises with "satisfactory" or above evaluations on indicators such as "obtaining business premises", "municipal public infrastructure installation", "handling closing procedures", "cross-border trade", "market access", "paying taxes" and "resolving commercial disputes" The ratio exceeds 90%; judging from market expectations, nearly 70% of the foreign-funded companies surveyed are still optimistic about the Chinese market in the next five years, an increase of about 1.8 percentage points from the previous month. The proportion of foreign-funded companies surveyed who believe that the attractiveness of the Chinese market has increased or remained the same More than 90%; from the perspective of operating conditions, more than 90% of the foreign-funded enterprises surveyed expected that the profit rate of investment in China will be the same or increase in the next five years, an increase of about 5.8 percentage points month-on-month. The number of companies with the intention to increase investment in China increased by about 5.8 percentage points month-on-month. 4.5 percentage points.
Based on comprehensive annual survey data, more than 80% of the foreign-funded enterprises surveyed rated China's business environment in 2023 as "satisfactory" or above, more than 90% believe that the Chinese market is attractive, and nearly 70% are optimistic about the prospects of the Chinese market in the next five years. This shows that the fundamentals of China's economic stability and long-term improvement have not changed, and the "magnetic attraction" of the Chinese market for foreign investment will become stronger and stronger. (China Daily)