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Measures To Growth Foreign Direct Investment


Measures To Growth Foreign Direct Investment

Stability, steady growth and improving trade quality will be China’s priorities in 2022. China will expand the catalogue of industries to encourage foreign investment. Further improve preferential land and tax policies, and guide more foreign capital to flow into advanced manufacturing, modern service industry, high-tech, digital economy and other fields, and promote foreign capital inflow. Officials said Tuesday to fly to the Midwest across the country.

They said at a news conference in Beijing that despite facing supply and demand uncertainty. The country is also very confident in the stable operation of foreign trade.

Chen Chunjiang, director of the Department of Foreign Investment of the Ministry of Commerce, said that in 2022, despite the complicated domestic and international situation, foreign direct investment will continue to grow steadily, and the structure of foreign direct investment inflows will improve.

These uncertainties and challenges include increased global competition to attract foreign direct investment. Disruptions to cross-border investment activities from the COVID-19 pandemic, and increased labor. Moreover, land and raw material costs in China, he said.

China’s actual use of foreign direct investment rose 14.9 percent year-on-year to a record 1.1 trillion yuan ($173.7 billion) last year. Business data showed. In 2021, 48,000 new foreign-invested enterprises will established, a year-on-year increase of 23.5%.

In order to attract foreign direct investment, the state will increase high-level opening up. Improve supporting policies and measures, and provide better services for foreign investors.

“We will implement the 2021 negative list for foreign investment across the country. (in the pilot free trade zone) to ensure that the opening-up measures for the auto manufacturing industry are implemented and help attract more investment from multinational companies,” Chen said.

Strengthen the connection of land, energy, environmental protection, cross-border personnel flow, etc. For key foreign-invested projects to ensure that the projects are signed and completed as soon as possible and put into production at full capacity. Add to.

Analysts said that China’s good performance in utilizing FDI. Foreign trade is not only important for China’s economic growth, but also for the recovery of the world economy.

Wang Tuo, a researcher at the China Academy of International Trade and Economic Cooperation, said the implementation of the Regional Comprehensive Economic Partnership, which was signed in 2020 and took effect on January 1, will boost China’s foreign trade and FDI inflows. .

Li Xingqian, director of the Department of Foreign Trade of the Ministry of Commerce, said that in 2022. China’s foreign trade will seek progress while maintaining stability, and the country will pay more attention to the improvement of trade quality rather than the expansion of trade volume.

Help enterprises develop new markets while consolidating traditional markets. Promote the development of new foreign trade formats such as cross-border e-commerce and overseas warehouses.

For example, Guangxi Liugong Machinery Co., Ltd., a machinery manufacturer based in Liuzhou. Guangxi Zhuang Autonomous Region, aims to increase its overseas sales by 58% year-on-year by 2022.

Supplying industries such as forestry, mining and road construction, the company’s overseas sales rose 64% year-on-year last year, 40% higher than the global average.

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