Ministry Of Commerce: Mergers And Acquisitions Will Become The Main Form Of Foreign Capital Utilization.

　　 Ministry of Commerce Press spokesman Shen Danyang said at a regular press conference of the Ministry of Commerce on 20 July that the export growth rate reached 23.6% in 1-8 this year, which is not easy. In the coming months, the situation of structural adjustment and promotion of foreign trade export will not be reversed. At the same time, foreign mergers and acquisitions will gradually become one of the main forms of China's utilization of foreign capital. In addition, the Ministry of Commerce will strive to formally introduce documents for the implementation of cross-border RMB direct investment as soon as possible.

Take measures to help enterprises overcome difficulties

Shen Danyang said that the export growth rate reached 23.6% in the first 8 months of this year, although it dropped by more than 10 percentage points over the same period last year, there is actually an inequality. Last year's growth rate was climbing below the trough, and this year's growth is actually a further development. This year's foreign trade faces many difficulties. It is not easy to achieve such a speed.

Some enterprises are facing difficulties in two aspects: international and domestic. In the international economic situation, such as the European debt crisis, the US economic difficulties, the developing countries' inflation and some uncertain factors still exist, foreign trade is also faced with trade protectionism and trade disputes. In terms of domestic economic situation, enterprises reflect the rising cost of production factors and intensified domestic competition.

Shen Danyang said that the Ministry of Commerce will further coordinate and stabilize the foreign trade policy, and create a favorable environment for export development, including trade facilitation, lightening the burden of enterprises, including opposing foreign trade protectionism and putting forward relevant negotiations, creating a better international trade and development environment for enterprises, and guiding local business departments to strengthen coordination and services to export enterprises.

　　 foreign capital Trend of mergers and acquisitions strengthened

Shen Danyang said that in the past, China's utilization of foreign capital accounted for a relatively low proportion of mergers and acquisitions, which accounted for 3.1% last year, which is very large compared with 27% of the international investment in the world. In the 1-8 month of this year, the M & A projects in China using foreign capital amounted to US $3 billion 400 million, a big increase over the previous years.

Shen Danyang said that the merger and acquisition of foreign capital in China began to become active, and this trend will continue to grow. Foreign mergers and acquisitions will gradually become one of the main forms of China's utilization of foreign capital. There is no need to worry too much about mergers and acquisitions of Chinese enterprises by foreign investors.

Foreign invested enterprises are not entirely equivalent to foreign capital. About 30% of the existing foreign-invested enterprises come from China, while more than 60% of the foreign investment comes from Hong Kong, Macao and Taiwan, and the rest 40% come from hundreds of countries and regions. Some of them come from various forms of Chinese investment, and some are private enterprises returning to invest in free island.

Shen Danyang said that foreign investment started in September 1st. Merger The focus of the security review system is only on a few mergers and acquisitions that may have an impact on national security or bring potential impacts. It does not mean setting up new thresholds or new licensing procedures for foreign mergers and acquisitions.

To the question that the EU does not recognize China's full market economy status, Shen Danyang said that China is very disappointed. But recognizing China's market economy status and supporting Europe's response to the debt crisis are two different issues. The EU will not recognize that this is inconsistent with the current situation of China's market economy construction, nor is it in line with the long-term interests of the development of China EU economic and trade relations. In addition, the issue of market economy is not a technical issue, but a political decision.

In addition, Shen Danyang said that the Ministry of Commerce will stabilize the price of pork by protecting the market supply and reducing the cost of circulation. In terms of supply, such as sugar and meat, the supply and demand balance and price stability will be realized through the delivery of reserves and the import of import. On the other hand, we will coordinate the relevant departments to help enterprises reduce the cost of circulation, and do well with the relevant departments in stabilizing market prices.

Shen Danyang said that the two Ministry of Commerce has formally registered Nestle's acquisition of Xu Fu Ji and Volkswagen's acquisition of Mann, which will be reviewed in accordance with the provisions of the anti-monopoly law.