China News Service, Beijing, February 21 (Reporter Li Xiaoyu) Many places in China are setting off a fierce competition to attract foreign investment.
Zhejiang, China's capital city for attracting investment, is preparing to attract foreign investment projects with "extraordinary efforts" this year, focusing on attracting a number of high-quality and iconic projects, especially major foreign investment projects, and striving to achieve an actual use of foreign investment of more than US$20 billion.
Officials said that they will focus on green petrochemicals, new energy vehicles and parts, integrated circuits, high-end new materials and other fields to promote precise investment promotion in the industrial chain. In addition, roundtable meetings with foreign companies from different countries and industries will be held to discuss face-to-face discussions with entrepreneurs to resolve their demands and difficulties.
Shandong, China's third largest economic province, requires "focused efforts and targeted attacks" to attract foreign investment, focusing on attracting investment in areas such as the digital economy, advanced manufacturing, and energy transformation. Not only the quality of investment must be improved, but the methods must also be innovative. Door-to-door investment, industrial chain investment, capital investment, family investment, festival investment, etc. are all options.
In order to enhance their attractiveness to investors, many provinces spend "real money". Anhui recently issued a document clarifying that it will provide financial incentives to newly established foreign-funded emerging industry projects, R&D centers, and regional headquarters to support the reinvestment of profits by domestic foreign-funded enterprises. The local area will also establish a green channel for overseas high-level talents to come to Anhui for innovation and entrepreneurship, and support around 1,000 high-level entrepreneurial teams and more than 10,000 scientific researchers to start their own businesses throughout the year.
In some places, efforts began even before the Spring Festival in the Year of the Dragon. In Nantong, Jiangsu, the local commerce bureau regards the Spring Festival as an important time window for investment promotion. One week before the festival, it went to some key foreign-funded enterprises to communicate face-to-face, and also conducted on-site research on issues such as development space and improvement of supporting facilities, so as to establish investment information channels after the holiday. Prepare.
Gao Lingyun, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said that China's long-term positive trend in attracting foreign investment has not changed, but the current situation it faces is complex and severe. On the one hand, global cross-border investment is generally weak, and many developing countries and emerging economies are vying to relax investment restrictions, and competition for attracting investment is becoming increasingly fierce. On the other hand, the United States and other Western countries are pursuing strategies such as "decoupling" and "de-risking", which are also This will bring certain resistance to China’s efforts to attract foreign investment.
Gao Lingyun said that under this situation, China must make greater efforts to attract and utilize foreign investment and attract more high-quality foreign investment. In addition to further expanding market access, the focus of policy efforts should also include comprehensively optimizing the business environment and providing precise services to foreign companies.
Previously, China’s Minister of Commerce Wang Wentao revealed that this year will continue to build the “Invest in China” brand, initially considering holding more than 20 investment promotion activities at home and abroad, and supporting local governments to organize some supporting activities based on their own location advantages, resource endowments, and industrial characteristics.
Wang Wentao also said that in the future, he will continue to promote the relaxation of foreign investment access, continue to optimize the foreign investment environment, and make good use of the foreign-invested enterprise roundtable and the foreign-invested enterprise problem complaint collection and management system.
Some analysts believe that as China goes all out to "fight for the economy", the "big competition" in attracting investment from various places will continue, and the overall scale of attracting foreign investment is expected to be stable and improving. (over)