Further optimization of China's foreign investment absorption structure
The latest data from the Ministry of Commerce shows that from January to July this year, the actual use of foreign investment in China's high-tech industry was 182.31 billion yuan, a year-on-year increase of 32.7%, accounting for 41.6% of the country's actual use of foreign investment, an increase of 12.2 percentage points compared to the same period last year. Among them, the actual use of foreign investment in R&D and design services, technology transfer services, and electronic and communication equipment manufacturing increased by 72.1%, 62.2%, and 39.9%, respectively. The structure of foreign investment absorption in our country has been further optimized.
With the continuous deepening of the Chinese market by multinational corporations, the situation of attracting investment in China is stable and improving. From January to July this year, there were over 37000 newly established foreign-invested enterprises in China, a year-on-year increase of 4.4%; The actual use of foreign investment was 438.33 billion yuan. From the year-on-year increase of 32.7% in attracting foreign investment in high-tech industries, it can be seen that the structure of foreign investment has changed. The slowdown or even decline in attracting foreign investment is mainly in traditional fields, and the entry of foreign investment in high-tech industries is constantly increasing. "Ling Ji, Deputy Minister of Commerce and Deputy Representative for International Trade Negotiations, analyzed that the current popularity of foreign" investment in China "is not decreasing, and multinational corporations have" three transformations "in their investment in China.
Transitioning from a focus on cost to a focus on value. Currently, foreign investment in China not only focuses on traditional factor costs such as labor and land, but also pays more attention to efficient industrial ecology, superior infrastructure, especially the supply of new production factors such as green electricity and computing power, as well as an efficient supply chain system, dynamic innovation ecology, and high-quality talent supply. These advantages are important driving forces for the development of multinational corporations in China, and also important factors for them to form competitiveness globally.
Transitioning from 'filling gaps' to' forging strength '. Early multinational corporations mainly targeted the "funding and supply gap" in China, and could quickly achieve success in China by introducing funds, mature technologies, business models, and management. With the improvement of China's industrial development level, market competition is becoming increasingly fierce, and consumer application scenarios are becoming more diverse and abundant. More and more multinational companies are using China as a "training ground" to enhance their global competitiveness, and some even vividly call it a "gym".
Transitioning from 'independent operation' to 'collaborative development'. In the past, many foreign-funded enterprises invested in China by building their own research and development and supply chain systems, relying on the internal industrial ecology of multinational corporations to complete the supporting supply chain. With the increasingly complete and efficient industrial and supply chain system in China, more and more foreign-funded enterprises are deeply integrating into China's industrial ecology, continuously improving their localization level, and strengthening their collaborative development with Chinese partners.
Recently, a survey report released by the Chinese Chamber of Commerce in countries such as the United States and the European Union shows that most foreign-funded enterprises in China have achieved good profits and their willingness to increase capital and layout has generally increased.
Meng Huating, Director of the Foreign Investment Management Department of the Ministry of Commerce, introduced that this year the Ministry of Commerce will continue to build the "Invest in China" brand, pay more attention to policy dialogue, subject empowerment, and public services, and provide more convenience for foreign investors to invest and develop in China, so that everyone can feel at ease, invest with confidence, and work warmly.
In the field of foreign investment, the Ministry of Commerce has established 16 bilateral investment promotion mechanisms. This year, it has held working group meetings with Sweden and the Netherlands to communicate policy trends, coordinate enterprise demands, and promote industrial integration. In the future, the Ministry of Commerce will promote more communication and dialogue on institutional investment policies with key investment sources, respond to differences, consolidate consensus, and create a more stable and predictable investment atmosphere for investors from both sides.
'Investing in China' is a brand, and the main body of attracting investment is at the local level. Since the beginning of this year, the Ministry of Commerce has held three "Invest in China" roundtable conferences overseas, inviting multiple places to participate and promote local investment environment and development opportunities. In the future, more places will be invited to participate in "Invest in China" activities, and the central and local governments will work together to promote investment.
The Ministry of Commerce will continue to improve the foreign investment service system, from the establishment of specialized teams for key foreign investment projects at all levels to the operation of roundtable meetings for foreign-funded enterprises. Through various means, it will strengthen regular communication and exchanges with foreign-funded enterprises, and increase efforts to solve their difficulties.