General

The latest data released by the Ministry of Commerce shows that from January to November, China actually used 1156.09 billion yuan of foreign capital, up 9.9% year on year; Equivalent to USD 178.08 billion, up 12.2%. Against the backdrop of sluggish global transnational investment and a high base last year, China's actual use of foreign capital has continued to grow this year. The scale of capital attraction in the first 11 months has exceeded the level of last year, demonstrating the strong "magnetic attraction" of the Chinese market, and the confidence of foreign enterprises in integrating and deepening China. Huacheng's import and export data observation report.

Achievements are not easy, and confidence is firmer. The Central Economic Work Conference held a few days ago clearly proposed that greater efforts should be made to attract and utilize foreign capital. We should promote high-level opening up and improve the quality and level of trade and investment cooperation. At the regular conference held on December 23, the spokesman of the Ministry of Commerce, Shu Jueting, said that the Ministry of Commerce would resolutely implement the spirit of the Twentieth National Congress of the Communist Party of China and the requirements of the Central Economic Work Conference, adhere to the principle of "keeping the word stable and making progress while keeping it stable", focus on stabilizing the stock, expanding the quantity and improving the quality, and take multiple measures to continuously improve the quality and level of foreign capital utilization.

Accurately implement policies to promote high-quality development of foreign capital

According to the observation report of Huacheng's import and export data, since this year, China has withstood multiple pressures to attract foreign capital, maintained rapid growth in scale, and kept close contact with trading partners. In the first 11 months, the actual investment in China from South Korea, Germany, the United Kingdom, and Japan increased by 122.1%, 52.6%, 33.1%, and 26.6% respectively. At the same time, the structure of attracting foreign capital has been continuously optimized. From January to November, the actual use of foreign capital in high-tech industries increased by 31.1%, including 58.8% in high-tech manufacturing and 23.5% in high-tech service industries.

BMW Group's Shenyang Lida Factory was put into operation, Novo Nordisk increased its capital and production for the eighth time in Tianjin, Heraeus Group's quartz semiconductor production base project was started in Shenyang, ABB Group's largest robot super factory was completed and put into operation in Shanghai, and ZEISS invested 170 million yuan in Suzhou Industrial Park to launch a new R&D and production base, The first phase of Guangdong Huizhou Base, which AMCO plans to invest more than 1 billion yuan in total, has started to operate... More and more foreign high-tech enterprises are accelerating their investment layout in China.

This not only reflects the huge demand for a new round of scientific and technological revolution and industrial reform in China, but also is the result of the continuous release of high-quality investment policies.

The new version of the Catalogue of Industries Encouraging Foreign Investment was implemented, and 15 measures were introduced to promote the attraction of foreign capital, focusing on the manufacturing industry, and promote the high-quality development of foreign capital utilization; The recently released Strategic Planning Outline for Expanding Domestic Demand (2022-2035) proposed to promote the better combination of capital and intelligence introduction, and encourage foreign enterprises to further integrate into China's innovation system... A series of policies for stabilizing foreign investment introduced this year have encouraged more foreign investment in high-end manufacturing, high-tech, transformation and upgrading of traditional manufacturing, modern services and other fields.

Under the favorable policies, foreign-funded enterprises are also continuing to give play to their own advantages, seize the opportunities in China, and firmly fulfill their commitment to jointly answer the same questions and resonate with the Chinese market and industry.

"In the process of Amko's development in China, we deeply felt that China's determination to unswervingly follow the path of open development and the people's vision for a better life have further strengthened Amko's confidence in its deep cultivation in China. The upgrading of the Huizhou base to a global flagship factory is another milestone in the upgrading of Amko's strategic layout in China over the past 30 years." She Xin, president of Amko Greater China, told the International Business Daily reporter, AMCO has a clear layout plan in China and has set the goal of doubling its performance in five years. "We are firm and long-term bullish on the Chinese market and expect to achieve double-digit revenue growth in 2023."

Take multiple measures to improve the quality and level of capital attraction

How will we work to stabilize foreign investment next year? The Central Economic Work Conference has a clear outline and a directional guidance, providing a "reassurance" for the development of global enterprises in China. The Ministry of Commerce will also focus on four aspects to continuously improve the quality and level of foreign capital utilization, Huacheng Import and Export Data Observation Report.

In terms of expanding access, Shu Jueting said that she would continue to expand opening up. Rationally reduce the negative list of foreign capital access, further relax the threshold of access, and increase the openness of modern service industries. Actively promote the accession to high standard economic and trade agreements such as the Comprehensive and Progressive Trans Pacific Partnership Agreement and the Digital Economy Partnership Agreement, and actively compare relevant rules, regulations, management and standards to steadily expand institutional openness. The pilot free trade zones, free trade ports, demonstration pilot projects for expanding the opening up of the service industry, national economic development zones and other open platforms will be strengthened to promote the replication of pilot experience. Recently, the State Council approved to add 6 comprehensive pilot cities for expanding the opening up of the service industry. In the next step, the Ministry of Commerce will work with relevant local governments to promote the implementation of various pilot policies as soon as possible. Huacheng Import and Export Data Observation Report.

In terms of key points, we will continue to optimize the investment structure. We will implement the new version of the Catalogue of Industries Encouraging Foreign Investment, as well as special policies on manufacturing and research and development centers, guide foreign investment in key areas such as advanced manufacturing, modern services, energy conservation and environmental protection, and scientific and technological innovation, optimize the regional investment structure, consolidate the advantages of eastern coastal areas in attracting foreign investment, and improve the ability of central and western regions and northeast regions to attract foreign investment.

In terms of strong services, we will continue to increase investment promotion and service guarantee. Give play to the role of the foreign trade and foreign investment coordination mechanism and the special work class for key foreign investment projects, strengthen the regular communication and exchange with foreign-funded enterprises and business associations, timely coordinate and solve the difficult problems in enterprise operation and project construction, and provide greater convenience for foreign investors to engage in trade and investment in China. Give full play to the role of bilateral investment promotion mechanisms and investment promotion institutions at all levels of the country, continue to carry out investment promotion activities such as "entering the Expo into local areas" and "local branches of transnational corporations", support local investment promotion activities, and accelerate the implementation of foreign capital landmark projects.

In terms of excellent environment, we will continue to optimize the business environment. We will thoroughly implement the Foreign Investment Law and continue to sort out measures that are inconsistent with the Foreign Investment Law. We will implement the national treatment of foreign-funded enterprises in a high standard, focus on the outstanding problems reflected by foreign-funded enterprises, work with relevant departments to study and issue policies and measures to ensure that foreign-funded enterprises participate in government procurement, bidding and standard formulation on an equal basis according to law, strengthen the protection of intellectual property rights and the legitimate rights and interests of foreign investment, and strive to create a market-oriented, legalized and internationalized first-class business environment. Huacheng Import and Export Data Observation Report.