China News Agency, Beijing, October 22 (Reporter Liu Liang) In response to the recent news that foreign companies are shutting down or withdrawing their businesses in China, the Ministry of Commerce of China responded at a press conference on the 22nd that the Chinese market is open and foreign capital It is a normal market behavior for enterprises to enter and exit each year, which conforms to the laws of the market, and is also a manifestation of investment liberalization and facilitation.
Looking at the overall situation, foreign-funded enterprises have entered more and exported less.
The Chinese market continues to maintain a strong attraction to foreign investment.
"We are concerned that sometimes some foreign-funded enterprises shut down their factories in China, some because their products no longer have a competitive advantage in the market; some have transferred investment in labor-intensive fields abroad, and increased investment in technology-intensive fields by domestic companies. Invest and optimize the global layout; of course, some individuals have left because of cost and many other reasons.” Zong Changqing, Director of the Department of Foreign Investment of the Ministry of Commerce, pointed out that from the overall situation, foreign-funded enterprises have entered more and exported less, and increased and decreased. few.
According to reports, in the first three quarters of this year, there were 36,000 newly established foreign-invested enterprises nationwide, a year-on-year increase of 36.5%, which was the highest increase in the same period in the past 20 years excluding 2018.
A recent questionnaire survey by the Ministry of Commerce shows that 99% of more than 3,000 key foreign-funded enterprises have no project capital reduction or divestment plans.
"Overall, the Chinese market continues to maintain a strong attraction to foreign capital, and most foreign-funded enterprises have also achieved better development in China." said Zong Changqing.
According to data from the National Bureau of Statistics, in 2020, despite the impact of the new crown pneumonia epidemic, the total profit of industrial enterprises above designated size by foreign investment was 1.8 trillion yuan, an increase of 7% over the previous year and 2.9 percentage points higher than the national average.
"During the '14th Five-Year Plan' period, with the opening of China's door wider and wider, the business environment continues to optimize, coupled with China's complete industrial system, complete infrastructure, and prominent market advantages, we believe that China will become a foreign investor in the long term. The hot land." Zong Changqing said.
(over)Keywords: ministry of commerce of china, liu liang, companies, ministry of commerce, enterprises, market, china, investment, situation, businesses, news, press conference, response, closure, withdrawal