China's actual use of foreign capital in the non-financial sector reached 999.98 billion yuan, up 6.2% year on year. On average, more than 100 new foreign-invested enterprises were set up every day... In the face of the severe and complex international situation, the arduous tasks of domestic reform, development and stability, especially the severe impact of the Covid-19 epidemic, in 2020, the actual use of foreign investment in China has increased against the trend, achieved "three improvements" in the total amount of foreign investment, the growth range and the global share, and handed in a bright report report.
Positive economic growth
We will ensure that foreign investment remains stable
"In 2020, China's auto market has experienced unprecedented challenges. But investment and export growth led to a V-shaped market reversal, and China's auto market gradually recovered with the recovery of the macro economy." According to Feng Sihan, CEO of Volkswagen Group (China), the annual delivery volume of Volkswagen Group (China) reached 3.85 million vehicles in 2020, with a market share of 19.3 percent.
Despite the difficulties, but Merck in 2020 in China's development shows no stagnation: in Shanghai's first return to work and production of enterprises, life science and technology cooperation with training center officially opened in zhangjiang science city, into the expo on investment plans to release the latest high-performance materials, life sciences, medicine, health and high-performance materials three business sectors maintain stable business growth. "In 2020, a year full of uncertainties for the global economy, the Chinese market continues to demonstrate its strength and resilience. The epidemic has been brought under rapid control and a series of policies have been launched to help enterprises, which has stabilized the confidence of enterprises investing in China." Li Ye, vice president of Merck Investment (China) Co., Ltd. said that Merck will continue to attach great importance to the Chinese market and strengthen the localization of various business segments.
In 2020, in the context of a sharp decline in global transnational direct investment, China's absorption of foreign capital scenery is unique. Since April, the monthly absorption of foreign capital has achieved positive growth for nine consecutive months. In the first July, the growth rate of actually utilized foreign capital turned from negative to positive. The scale of utilized foreign capital reached a new record high in the whole year.
According to a recent survey by the Ministry of Commerce, nearly 60% of foreign-funded enterprises will achieve growth or flat profits in 2020, and nearly 95% of them are optimistic or cautiously optimistic about their future prospects.
"China's growth in attracting investment against the trend is inseparable from its achievements in coordinating epidemic prevention and control and economic and social development." Standing vice President of China association of enterprises with foreign investment Cao Hongying said, take effective measures and support policy in our country, first to control the outbreak, was the first to return to work and production, take the lead to achieve the economic growth from negative to positive, as the only major economy to achieve economic growth, provides a solid foundation and guarantee for steady foreign, become the transnational investment "stabilizer" and "safe haven".
Strike a "one-two punch"
The attraction of investment remains undiminished
In Xi 'an, Samsung's high-end memory chip Phase II Phase II project is progressing steadily and is expected to be completed and put into production as scheduled in the first half of this year. In Tianjin, Samsung Motor MLCC (Multilayer Ceramic Capacitor) Factory, Samsung Battery Co., Ltd power battery projects are stepping up construction. The global epidemic continues to spread, but Samsung's projects in China remain on track. "Thanks to the strong support and guarantee of the Chinese government, we have transported more than 5,500 foreign engineers to return to work in 2020 on 24 aircraft through the Green Express Channel, which ensures the construction of major new and ongoing projects of Samsung in China." "Said Huang Dekui, president of Samsung China.
"In 2020, Samsung will invest 5.4 billion US dollars in China, 83% of which will be in the central and western regions, and 98% in high-tech industries." "The implementation of the Foreign Investment Law and the Chinese government's non-discriminatory treatment of foreign companies in China have encouraged Samsung and strengthened our determination to grow in China," said Huang.
In 2020, in the face of the impact of the epidemic, China will grasp the difficulties head-on, introduce a series of measures, and play a "combination of policies" to attract investment, and constantly improve the structure. In 2020, foreign investment in China's high-tech industries will increase by 11.4 percent.
The pace of opening up has been accelerated. Three new pilot free trade zones were added. We further shortened the negative list for foreign investment, reduced the number of restrictive measures to the national version of 33, the pilot free trade zone version of 30, and the free trade Hong Kong version of 27. We revised the list of industries to encourage foreign investment, adding 127 new ones. We successfully signed the Regional Comprehensive Economic Partnership (RCEP) and completed negotiations on the China-EU Investment Agreement on schedule...
The business environment continued to improve. In 2020, the Foreign Investment Law and its Implementation Regulations will be formally implemented, with the approval and filing of foreign-funded enterprises in the business sector completely abolished and an information reporting system implemented. We issued measures on complaints by foreign-invested enterprises, issued guidelines on foreign investment in China, and strengthened investment promotion and protection. According to a survey conducted by the Ministry of Commerce and China Government.com, nearly 90% of enterprises believe that the Foreign Investment Law and its implementation regulations are well implemented.
In addition, MOFCOM has set up special teams for key foreign-funded projects, providing follow-up services to 697 key foreign-funded projects, helping foreign-funded enterprises solve more than 3,000 difficult problems, such as shortage of epidemic prevention materials, convenience of customs clearance, and cooperation between upstream and downstream to resume work, and coordinating the entry of 16,000 foreign employees.
Wide market space
There is much to be done for foreign investment
"At present, our 43 multinational pharmaceutical members have built 47 factories and 25 R&D centers in China, with a R&D investment of 12.2 billion yuan in 2020." Conway, executive president of Pharmaceutical Research and Development Industry Committee of China Association of Enterprises with Foreign Investment, told reporters that the Chinese market occupies an important position in the global strategy of multinational pharmaceutical companies. The advantages of super-large market combined with the industrial opportunities brought by the Healthy China 2030 plan make multinational pharmaceutical companies firmly optimistic about the Chinese market.
In 2021, China will speed up the construction of a new development pattern featuring domestic cycles as the mainstay and mutually reinforcing domestic and international cycles. As important coupling of two domestic and international market, foreign companies accounted for 1/10 of the country's employment in cities and towns, 1/6, 2/5 of the import and export tax, in strengthening domestic and international economic linkage effect, promote China's economic strength, technological strength, comprehensive national strength, and played an important role in people's living standard, the future will also become the important "force" the construction of a new development pattern.
What is the future situation of attracting investment in China? Cao Hongying believes that in the medium and long term, the utilization of foreign capital will continue to maintain a healthy development trend. China is committed to deepening reform and opening up wider to the outside world. The numerous sound development and opening up platforms and the ever-improving domestic consumer market represent huge investment opportunities and provide strong support for attracting foreign investment.
"The external situation is still not optimistic. "There are still uncertainties and uncertainties in the world economic recovery, and the impact of the epidemic on global cross-border investment will continue. All these will put pressure on China to stabilize foreign investment." Sang Baichuan, dean of the Institute of International Economics at the University of International Business and Economics, said that under the new development pattern, the advantages of China's big market will be further highlighted. Going forward, we will continue to open up to the outside world at a high level and attract more high-quality external factors and resources to participate in the domestic cycle. Continue to improve the level of the open platform, to create domestic and international double-cycle connection point, support point; We will deepen the reform of streamlining administration, delegating power, and improving services, and create a sound business environment for foreign investment to participate in the "double cycle".
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