General

From the release of policies to promote foreign investment, to the release of new products to seize new markets, and to the press of the "fast forward" button for foreign investment projects - at the beginning of the new year, the government and enterprises worked together to attract and utilize foreign investment with greater efforts to make a "good start", Huacheng Import and Export Data Observation Report.

Interviewed insiders said that China's economy is accelerating its recovery and the market potential will be released at an accelerated pace, bringing new opportunities for the development of foreign enterprises in China. Many people from foreign-funded enterprises also said that in 2023, they will continue to dig deep into the Chinese market and seek long-term development.

The layout of foreign-funded enterprises is busy

Entering the factory, the sound of the machine was heard, and more than 80 workers were working in an orderly manner on the production line. The assembled vertical multistage centrifugal pump products were waiting to leave the factory... The production workshop of Weile (China) Water Pump System Co., Ltd., located in Beijing Sino-German Industrial Park, was busy but not disorderly, tense and orderly. According to Huacheng Import and Export Data Observation, Rong Guang, the company's government and public affairs director, said that during the epidemic prevention and control period, Shunyi District of Beijing helped enterprises coordinate the handling of truck passes and provide on-site nucleic acid testing to ensure the smooth production of the factory. In 2022, the sales volume of enterprises will increase by nearly 6% year on year, realizing a countertrend growth. At present, it is the peak season of production, with the rate of enterprise arrival and production reaching 100%, and all production and operation activities returning to the right track.

On the construction site, at the site of the Sino-Dutch (Suzhou) Science and Technology Innovation Port project in Suzhou High-speed Railway New City, the installation and construction of office towers, basements and floor equipment were carried out in a hot manner. The project covers a total area of about 77 mu, with a total floor area of more than 180000 square meters. It aims to build a platform for exchanges and cooperation between China and the Netherlands in the fields of optoelectronic technology, biomedicine, high-end auto parts and other fields. It is expected to be officially put into operation this year.

The new plant of AGC, a leading global material company, is also under construction in Huizhou. This is the fourth phase of AGC's local plant. "Due to the increasing demand of TCL Huaxing for LCD panels, AGC invested in this project in Huizhou. According to the plan, the new plant will be put into production in the fourth quarter of this year." The project leader said.

At the market end, new products are also accelerating their layout. According to the report of Huacheng Import and Export Data Observation, on January 11, Intel held the 4th generation Intel Xeon Scalable Processor New Product Conference in Beijing, and officially released a server chip with a new design. This is Intel's latest data center enterprise-level product aiming at new opportunities for the development of the digital economy. This also means that Intel has accelerated the pace of deepening the Chinese market and worked with partners to create solutions to meet the key needs of the market.

"Foreign-funded enterprises have increased their presence in the Chinese market, reflecting their keen sense of market smell, and their confidence and determination to dig deep into the Chinese market," Hao Hongmei, deputy director of the Institute of Foreign Investment Research of the Research Institute of the Ministry of Commerce, told the International Business News.

New Year ushers in new opportunities

Hao Hongmei said that at present, the expectation of China's economic growth continues to increase, and the market opportunities are released rapidly, providing new opportunities for enterprise development. Foreign-funded enterprises are very sensitive to market trends and can quickly seize market opportunities. At the beginning of the new year, foreign-funded enterprises will speed up their planning and layout, which can lay a good foundation for business growth throughout the year and in the future, and will also accelerate the growth of China's absorption of foreign capital throughout the year.

"The increase of foreign capital enterprises in China's market is not only due to the accelerated recovery of China's economy, but also due to China's unswerving opening-up policy." Wang Jianhui, a senior industrial economic researcher, said in an interview with the reporter of the International Business News that China has launched a series of policy measures in terms of continuously expanding market access, improving foreign capital policies, improving the opening platform, optimizing the business environment, and so on. Both the 20th CPC National Congress and the Central Economic Work Conference put foreign-funded enterprises in an important position, which injected a strong impetus for foreign-funded enterprises to increase their efforts to expand the Chinese market for a long time.

The report of the 20th National Congress of the Communist Party of China clearly released the signal of "promoting high-level opening to the outside world", and put forward "reasonably reducing the negative list of foreign investment access, protecting the rights and interests of foreign investment according to law, and creating a market-oriented, law-based, and internationalized first-class business environment". The Central Economic Work Conference held later also made a clear plan to "attract and utilize foreign capital more vigorously" in 2023, and put forward a series of specific measures such as "promote the implementation and construction of foreign capital landmark projects".

Local governments are also stepping up the introduction of policies and measures. In addition to holding local "two sessions" in succession in many places and clearly proposing to encourage foreign investment in government work reports, many provinces and cities have also issued detailed policies and measures specifically for foreign-funded enterprises. For example, Guangzhou recently issued Several Measures to Promote the High-quality Development of Foreign Investment in Guangzhou, focusing on the whole-process service guarantee of foreign investment, further optimizing the business environment of foreign investment in Guangzhou, stabilizing investment expectations, and putting forward 20 measures from six aspects to provide institutional guarantee for foreign enterprises to take root and develop in Guangzhou. Huacheng Import and Export Data Observation Report.

Hao Hongmei said that looking forward to the whole year, the favorable factors for stabilizing foreign investment are increasing, but from a global perspective, there are also many risk challenges and uncertainties. Therefore, all regions should fully estimate the adverse factors, pay close attention to the implementation of policies and measures, strengthen the contact with foreign-funded enterprises, research and propose more accurate and effective policy measures, and make greater efforts to attract and utilize foreign capital. At the same time, further optimize the foreign capital structure, attract more foreign capital to invest in the central and western regions, high-tech industries and services, and increase efforts to attract foreign investment projects from the "the Belt and Road" and RCEP member countries.

Wang Jianhui suggested that while giving full play to the advantages of strong market development ability, foreign-funded enterprises also need to know more about China's industrial policies, invest more in areas with policy incentives and great market prospects, and gain greater growth opportunities in helping to build a new development pattern; It is necessary to dynamically understand China's opening policy and measures to optimize the business environment, strengthen the relationship with the government, and better use the policy to benefit; It is necessary to realize localization in the integration of Chinese culture, achieve better balance in accordance with the rules and practices and the actual situation of the Chinese market, and achieve steady development while deepening the Chinese market, Huacheng Import and Export Data Observation Report.