General

According to customs data, from January to November, the actual amount of foreign capital used nationwide was 1156.09 billion yuan, up 9.9% year on year on a comparable basis, equivalent to 178.08 billion dollars, up 12.2%. According to customs data, in the first 11 months of this year, the scale of investment attraction nationwide has exceeded the level of last year.

According to customs data, the actual use of foreign capital in the service industry was 842.61 billion yuan, up 0.9%. 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. According to customs data, in terms of regional distribution, the actual use of foreign capital in eastern, central and western China increased by 7.7%, 28.6% and 24.6% respectively.

It is easy to see from the Shanghai customs data that China is still an important investment destination in the world. This year, with the support of actively overcoming the impact of the epidemic and stabilizing foreign investment policies, China's actual utilization of foreign capital has maintained a steady and progressive trend, with steady growth in the total amount, continuous optimization of the structure, and rapid growth in high-tech industries, especially high-tech manufacturing. Industry experts believe that this is closely related to China's increasingly mature industrial chain system, strong infrastructure and huge consumer market. These factors can not only provide convenient services for foreign-funded enterprises, but also provide strong demand.

L'Oreal Group, which has been developing in China for 25 years, is one of the foreign enterprises that continue to be optimistic about the Chinese market. Recently, at the 25th anniversary celebration of L'Oreal China, CEO Ye Hongmu said frankly in his speech that L'Oreal China has gone through an extraordinary journey in the past quarter century. "During this period, we witnessed the endless desire of the Chinese market for beauty, which has inspired us to continuously provide Chinese consumers with more innovative, more diversified and more personalized experiences. In recent years, China is rapidly rising as a trend vane in Asia and even the world, as well as an important source of disruptive innovation." He said that looking forward to the future, L'Oreal expects China to play an important role in North Asia, lead consumers, and break through innovation, Exceed the trend, enlightened the global market, and looked forward to opening a new chapter in the next 25 years with the Chinese market.

At the end of November, Cargill Hebei Jiahao Grain and Oil Phase II Project was officially put into operation. As Cargill's second largest grain and oil processing plant in the world and China, the project will help Cargill better meet the needs of consumers in the northern market for high-quality and nutritious food. "The demand for feed and food in the northern market has huge potential. After the second phase expansion, the overall production capacity of Hebei Jiahao Cereals and Oils has doubled, which can better and more stably supply the northern region to meet the consumption demand of this key market." Abbott, president of Cargill Asia Pacific, told reporters that the expansion project also reflects Cargill's commitment to sustainable development in China and help strengthen China's connection with the world's agricultural and food industries.

The Central Economic Work Conference held a few days ago proposed that we should "make greater efforts to attract and utilize foreign capital", and constantly improve the quality and level of China's use of foreign capital under the promotion of multiple measures to stabilize the stock, expand the quantity and improve the quality. At the "2022-2023 China Economic Annual Conference", Han Wenxiu, Deputy Director of the Office of the Central Financial and Economic Commission, also said that it is necessary to rely on China's super large market advantage, attract global resource elements with domestic circulation, and improve the quality and level of trade and investment cooperation; We should expand market access, create a market-oriented, legalized and internationalized first-class business environment, and provide targeted services for foreign-funded enterprises; We should actively promote the accession to high standard economic and trade agreements and deepen reform in relevant domestic fields.

"More efforts to attract and utilize foreign capital" not only responds to the positive response of foreign-funded enterprises to the Chinese market, but also enhances the long-term confidence of foreign enterprises in operating in China. Zhang Wei, Vice President of the Research Institute of the Ministry of Commerce, believes that "attracting foreign capital more vigorously" is intended to better play the unique role of foreign capital in the linkage effect of two markets and two resources. At the same time, by creating better conditions for the development of foreign capital, we will enable it to participate deeply in China's economic cycle and make contributions to China's economic development and foreign cooperation. In her view, China will continue to attract foreign investment in the next year, and high-tech manufacturing and high-tech service industries will remain the key areas of foreign investment distribution.