Growth Of China'S Outward Foreign Direct Investment In The First Three Quarters

According to the Ministry of commerce website October 15th, in the first 3 quarters of this year, China's foreign investment cooperation continued to develop rapidly. Non financial foreign direct investment amounted to US $87 billion 300 million, an increase of 16.5% over the same period last year, and the new contract amount for foreign contracted projects was US $137 billion 600 million, an increase of 26.5% over the same period last year, with a turnover of US $100 billion 800 million, an increase of 9.2% over the same period last year.

The director of the Ministry of foreign investment and economic cooperation of the Ministry of Commerce pointed out that in the first 3 quarters of the Ministry of Commerce, China's foreign investment cooperation mainly presented the following characteristics:

First, investment mergers and acquisitions are active and highlight. In the first 3 quarters, China's enterprises implemented 324 overseas merger and acquisition projects, involving 50 countries and regions. The total amount of actual spanactions was 20 billion 180 million US dollars, accounting for 23.1% of China's foreign direct investment. M & A projects involve 18 fields: manufacturing, software and information technology services, business services, construction, wholesale and retail. The main mergers and acquisitions include: China's livelihood investment Limited by Share Ltd is the only private investment company with the word "China" at the moment. It bought a 100% stake in Siberia insurance group in Bermuda for 1 billion 790 million US dollars, and CITIC environmental protection investment group acquired 730 million stake in Singapore listed company -- 54.9% equity project of joint Environment Technology Co., Ltd., which is another large-scale overseas acquisition project of Chinese enterprises in the field of ecological protection and environmental governance after the acquisition of New Zealand TIP group by Beijing pioneer group last year.

Two is the rapid growth of investment in non-state-owned enterprises. In the first 3 quarters, foreign direct investment of non-state-owned enterprises accounted for 67% of the total, representing a 10 percentage point increase over the same period last year, an increase of 38.2% over the same period last year, of which private enterprises' external investment increased by 179.6% over the same period last year.

The three is the rapid growth of local foreign investment. In the first 3 quarters, local enterprises invested 53 billion 860 million US dollars in foreign investment, an increase of 78.8% over the same period last year, accounting for more than 60% for the first time, and become an important force for foreign investment. Shanghai, Guangdong and Beijing rank among the top three, of which Shanghai's external investment is US $11 billion 970 million, which is 5.4 times the same period last year, and the Shanghai free trade area has invested 4 billion 530 million US dollars, accounting for 37.8% of Shanghai.

Four is to accelerate the spanformation and upgrading of foreign contracted projects. In the first 3 quarters, the number of newly contracted contracts for foreign contracted projects over 50 million US dollars increased by 479, an increase of 63 compared with the same period last year. The total amount was 114 billion 330 million US dollars, accounting for 83.1% of the total amount of new contracts signed during the same period. At the same time, China's foreign contracted projects are accelerating spanformation and upgrading, extending to the high value-added areas such as general contracting, project financing, design consultation, operation and maintenance management.

At present, our country Outbound investment The stock ranks eighth in the world, with third of the world's volume of traffic, and foreign investment cooperation has entered the fast lane. At the same time, China is changing from the export of commodities to the export of capital. China's foreign investment has not only promoted the development of China's export-oriented economy, but also made positive contributions to world economic development and mutual benefit. In some developing countries, China's foreign investment has helped build a whole set of industrial systems in the oil industry, electricity, spanportation and other fields, and has built a large number of landmark buildings, which has promoted local economic and social development, increased employment and improved people's livelihood.

The head of the Cooperation Division said that China's foreign investment cooperation continued to improve in the first 3 quarters of this year, mainly based on the following factors:

First, the strategy of "one belt and one road" will play a leading role. With the continuous development of the "one belt and one way" strategy, more and more countries have strong desire to strengthen investment cooperation with me. In the first 3 quarters, China's enterprises directly invested in 48 countries along the "one belt and one road", with a total investment of US $12 billion 30 million, an increase of 66.2% over the same period last year. Finance 15.3% of such foreign direct investment flows to Singapore, Kazakhstan, Laos, Indonesia, Russia and other countries. In the same period, our enterprises contracted 3059 contracted projects in 57 countries along the "one belt and one road", and the new contract amount was US $59 billion 110 million, which accounted for 54.3% of the new contracted contracts for foreign contracted projects in the same period of the same period, an increase of 24.9% over the same period, and 44 billion 20 million US dollars in turnover, accounting for 43.7% of the total turnover of foreign contracted projects in China over the same period, an increase of 5% over the same period, mainly in the fields of electric power engineering, housing construction, communication engineering, petrochemical industry, spanportation and spanportation.

Two, international capacity cooperation is accelerating. At present, the world has a strong demand for its own economic development, upgrading its industrial level and improving its infrastructure conditions. China has advantages in many fields such as railways, electricity, communications, infrastructure construction and so on. China's industrial advantages and technological advantages coincided with the resources and market advantages of the relevant countries. In foreign exchanges, many countries, especially developing countries, are looking forward to carrying out capacity cooperation with me. International capacity cooperation is welcomed not only by China but also by host countries and developed countries, who are willing to jointly develop the third party market with the low cost advantages of Chinese equipment and engineering. In the first 3 quarters, China's international capacity cooperation increased strongly, the export volume of large scale equipment increased by 10% compared with the same period last year, and the foreign direct investment of manufacturing industry was 9 billion 100 million US dollars, up 85.7% from the same period last year, accounting for 10.4% of the total foreign direct investment in the same period.

Three, the internal driving force of "going global" has been significantly enhanced. Recently, influenced by the rising cost of labor and other production factors, the profit margins of domestic enterprises have been squeezed, and the development of enterprises is facing the task of spanformation and upgrading. Promoting Chinese enterprises to "go abroad" to expand foreign markets and integrate the upstream and downstream industrial chains in the international market has become an objective need for the development of enterprises, and the pace of foreign investment cooperation has gradually accelerated.

Four, business environment and policies. Comprehensive effect Continuous improvement. The Ministry of Commerce has continued to facilitate the convenience of overseas investment and implemented a management model based on filing. It has created a favorable business environment for enterprises to develop foreign investment cooperation. Actively set up a platform for foreign investment and cooperation and cooperation with Columbia, Costa Rica and other countries. We should carry out major projects in a pragmatic manner, actively promote the process of "industrial partners" with the countries concerned, cross regional infrastructure cooperation, interconnection, and the construction of overseas economic and trade cooperation zones. We should increase investment and financing support, arrange the implementation of preferential credit, project financing, export insurance and other policies, so as to realize the financing platform going along with international cooperation projects, and help me achieve new results in investment cooperation with the countries concerned.