In The First 7 Months Of This Year, China's Actual Use Of Foreign Investment Increased By 7.3% Over The Same Period Last Year.

In August 13th, the Ministry of Commerce announced the situation of foreign investment absorption from January to July this year. The head of the foreign affairs division of the Ministry of Commerce said that in January -7, the actual use of foreign capital continued to grow steadily. There are 24050 newly established foreign-invested enterprises in China. The actual use of foreign capital is 533 billion 140 million yuan, up 7.3% from the same period last year (78 billion 800 million US dollars, up 3.6% over the same period last year). The actual use of foreign capital in July was 54 billion 820 million yuan, an increase of 8.7% over the previous year ($8 billion 70 million, an increase of 4.1% over the same period last year).

In response, Liu Xiangdong, an Associate Research Fellow of the Department of Economic Research of the China International Economic Exchange Center, told the Securities Daily reporters that the actual use of foreign capital has maintained a relatively high growth in the first 7 months, reflecting the fact that China's continued expansion and opening up policy has achieved substantial results, which means that China is still the best destination for foreign investment.

The director of Foreign Affairs Division of the Ministry of Commerce said that from January to July, the situation of absorbing foreign capital mainly had the following characteristics: first, the high technology manufacturing industry and the high-tech service industry maintained a relatively high growth rate. The actual use of foreign investment in high-tech industries increased by 43.1% compared to the same period last year, accounting for 29.3%. The actual use of foreign capital in high-tech manufacturing industry was 59 billion yuan, an increase of 19% over the same period last year. The actual use of foreign capital in high-tech service industry was 97 billion 390 million yuan, an increase of 63.2% over the same period last year. The two is the general growth of the eastern, central and western regions and the FTA. The actual use of foreign capital in the eastern region was 457 billion 110 million yuan, an increase of 6.3% over the same period last year. The actual use of foreign capital in the central region was 36 billion 90 million yuan, an increase of 3.5% over the same period last year. The actual use of foreign capital in the western region was 39 billion 940 million yuan, an increase of 25.2% over the same period last year. The actual use of foreign investment in the FTA was 75 billion 470 million yuan, an increase of 14.6% over the previous year, accounting for 14.2%. Three, the growth rate of investment in major investment sources is not decreasing. Germany, Korea, Japan and Holland increased their investment in China by 72.4%, 69.7%, 12.6% and 14.3% respectively, and the actual investment in the EU increased by 18.3% over the same period last year.

As for the reasons for the rapid growth of the actual use of foreign capital in high-tech industries, Fu Fu, a senior research fellow of Suning Financial Research Institute, told the Securities Daily reporters that it benefited from China's strategic measures to revitalize the real economy, promote industrial upgrading, and promote the development of high quality economy, as well as the comparative advantage of the high-tech industry itself.

Referring to the reasons for the rapid growth of the absorption of foreign capital in the western region and the pilot free trade area, Liu Xiangdong said that China is implementing a new round of opening measures, such as expanding the scope of the free trade area and allowing wider market access, especially in the financial, medical, educational and other service sectors, and allowing the FTA to pilot ahead, which has a significant role in promoting the rapid growth of the absorption of foreign capital in the free trade area. At the same time, under the framework of "one belt and one road", the transformation from the developed depression to the open front is an important reason for the rapid growth of the western region's absorption of foreign capital.

The Ministry of Commerce spokesman said earlier that the Chinese government has always attached great importance to the use of foreign capital and has launched a series of measures to support the development of foreign-funded enterprises in China. Fu Yifu said that in stabilizing foreign investment, the key is to stabilize the confidence and expectations of foreign investment. While maintaining the stability and continuity of policies, we should strive to create a business environment with equal rights, equal rules and equal opportunities. Through ensuring fair competition and improving the protection of intellectual property rights, we can make foreign investment rest assured, expand investment and invest for a long time. In addition, we should further reduce the institutional transaction costs of enterprises, and promote laws, regulations and policies in line with international standards.