In October, The Actual Use Of Foreign Capital In China Was 752 Billion 410 Million Yuan, An Increase Of 6.6% Over The Same Period Last Year.

The data released by the Ministry of Commerce on 18 may show that the actual use of foreign capital in China from 1 to October was 752 billion 410 million yuan, an increase of 6.6% over the same period last year. Among them, the rapid growth of foreign investment in services and high-tech industries. On the whole, our foreign capital utilization is steady and steady, with large scale and large projects, and the investment structure is further optimized. The Ministry of Commerce has further improved the policy measures of introducing foreign capital. It is estimated that the scale of absorbing foreign capital will remain stable throughout the year.

The Ministry of Commerce held a special conference on utilizing foreign capital on 18 th. It introduced the situation of foreign investment in China from 1 to October and answered questions from reporters.

This year, the use of foreign capital has shown the characteristics of "steady, multiple and excellent".

Zong Changqing, director of the foreign affairs division of the Ministry of Commerce, said that the actual use of foreign capital in China has maintained a steady growth this year. Specifically, from 1 to October, there were 33407 newly established foreign-invested enterprises in China and 752 billion 410 million yuan in actual use of foreign capital, an increase of 6.6% over the same period last year. In October, the actual use of foreign capital was 69 billion 200 million yuan, an increase of 7.4%.

Among them, the rapid growth of foreign investment in services and high-tech industries. From 1 to October, the actual use of foreign capital in the service sector was 538 billion 350 million yuan, an increase of 13.5%. The actual use of foreign capital in high-tech industry increased by 222 billion 480 million yuan, an increase of 39.5%, accounting for 29.6%. The high-tech manufacturing industry actually used foreign capital 78 billion 690 million yuan, an increase of 5.5%. The actual use of foreign capital in high-tech service industry was 143 billion 800 million yuan, an increase of 69.3%.

The Yangtze River economic belt and the FTA pilot area have significantly increased foreign investment. The actual use of foreign capital in the eastern, central and western regions increased by 6.8%, 6% and 5.2% respectively over the same period last year. The actual use of foreign capital in the Yangtze River economic belt is 368 billion 300 million yuan, an increase of 8%, accounting for 49% of the national total. The actual use of foreign investment in the FTA was 108 billion 390 million yuan, up 23.9% from the same period last year, accounting for 14.4%.

"As a whole, China has made steady progress in utilizing foreign capital this year." Zong Changqing said that the use of foreign investment this year has the following characteristics.

First, "stability" and the scale of attracting foreign investment remained stable. From 1 to October, attracting foreign investment increased by 6.6% over the same period last year, indicating that foreign investors' investment in China has maintained better confidence and expectations.

The two is "more", and there are more foreign capital projects. According to statistics, this year more than 50 million large projects have more than 1300, an increase of 5.4% over the same period.

The three is "excellence", and the structure of foreign investment is further optimized. The service industry and the high technology industry are all growing relatively fast, and the growth rate is relatively obvious. The scale of attracting investment in high-tech industry has accounted for nearly 30% of the total investment. In the high-tech industry, the high-tech service industry has become a bright spot, with a growth rate of 70%.

Policy "combination boxing" to consolidate China's advantages in attracting foreign investment

"With the global economic growth sluggish, such achievements are hard won." Ye Wei, deputy director of the Ministry of foreign affairs of the Ministry of Commerce, said.

In recent years, China has introduced a series of measures to form a "combined boxing", including implementing the management system of "national treatment plus negative list before admission", greatly easing market access, and formulating a new basic law of foreign investment, which is based on openness, service and protection of foreign capital. 4 State Council documents have been issued continuously, and the policy system of foreign investment has been continuously improved. "These measures have further consolidated the advantages of attracting foreign investment in China." Zong Changqing said.

According to the briefing, this year, the Ministry of Commerce, in line with the work of the CPC Central Committee and the State Council in "stabilizing foreign investment", has mainly led or coordinated the work of six aspects:

First, efforts should be made to improve the legal system of foreign investment. We have launched the foreign investment law, accelerated the formulation of supporting regulations, and took the lead in carrying out the relevant laws and regulations, "promoting reform and abolishment", and promoting the introduction of the "business environment optimization Ordinance", establishing and perfecting the foreign investment information reporting system, and working hard to create a rule of law business environment.

Two, we must launch policies to stabilize foreign investment. Recently, the State Council promulgated the opinions on further improving foreign capital utilization.

The three is to promote opening to the outside world. A negative list of foreign investment in the national and FTA pilot areas was released in 2019, and a comprehensive clearance of foreign investment access restrictions outside the negative list was issued. The approval of the comprehensive plan of the State Council on comprehensively promoting the opening up of the service industry in Beijing was issued.

Four, efforts should be made to guide foreign investment. The 2019 edition of the list of industries encouraging foreign investment was released to guide foreign investment in modern agriculture, advanced manufacturing and modern service industries, as well as in the central and western regions.

The five is to strengthen the function of investment platform. The State Council approved the establishment of a pilot Free Trade Zone in 6 provinces and autonomous regions such as Shandong, and set up a new port area in Shanghai pilot Free Trade Zone, and submitted to the State Council the "opinions on promoting innovation and upgrading of state-level economic and technological development zones to create new heights of reform and opening up".

Six, efforts should be made to raise investment promotion level. We should guide all localities to improve the foreign investment promotion service system, establish a tracking service mechanism for foreign-invested enterprises, carry out activities of "transnational corporations' Western activities" and carry out multi bilateral investment promotion activities. In particular, China has successfully hosted the China International Import Fair for the two consecutive session, which has produced a significant investment spillover effect on the introduction of foreign capital.

It is estimated that the scale of absorbing foreign capital will remain stable throughout the year.

Ye Wei, according to the Ministry of Commerce's investigation, generally speaking, the problems reflected by foreign invested enterprises mainly focus on market access, fair treatment, policy implementation, intellectual property protection, standard setting, and government procurement. In order to respond to and solve these reasonable demands of foreign invested enterprises, the Ministry of Commerce has persisted in the problem orientation, and has produced a number of new policies and initiatives.

Next, in accordance with the division of labor requirements of the State Council's "opinions on further improving the utilization of foreign capital", the Ministry of commerce should first play the role of the lead department and promote the implementation of the work by all regions and departments.

In expanding the market access for foreign investment, we will further improve the negative list management system for foreign investment access. We should continue to reduce the negative list of the national and FTA pilot areas, in particular, further increase the intensity of the open trade test area opening test, and will also clean up the restrictions on foreign investment beyond the negative list with the relevant departments.

In promoting the reform and innovation of the FTA, we will focus on the expectation of the market participants, and propose specific measures to support the further expansion and innovation of the FTA. We should promote decentralization of more provincial economic management approval authority to the FTA and stimulate market vitality.

In increasing investment in foreign investment, we will strengthen top-level design and improve the foreign investment service system. At the same time, we will do a good job in publicizing the relevant policies in the field of foreign investment, understand the difficulties and blocking points in policy implementation, and help enterprises to make good use of all policies.

In the aspect of strengthening the protection of the legitimate rights and interests of foreign investment enterprises, we will improve the complaint mechanism of foreign-invested enterprises, and promote the establishment and acceptance of institutions in various regions, improve the handling rules, standardize the handling procedures, and improve the efficiency of processing.

In response to reporters' questions about "foreign capital transfer", Zong Changqing said that although there are a few foreign investment enterprises in eastern coastal areas, export-oriented and low value-added enterprises, there has been a shift in production links. However, the Ministry of Commerce believes that this is a normal business operation caused by the market mechanism. Overall, there is no large-scale withdrawal of foreign capital in China. According to the survey reports of some foreign business associations, most foreign invested enterprises take China's domestic market as the target market. They are still very optimistic about their investment prospects in China and have strong investment confidence.

"It is estimated that the scale of absorbing foreign capital will remain stable throughout the year, and the goal of" steady foreign investment "can be achieved throughout the year. Zong Changqing said.