According to the data of the Ministry of Commerce, the actual amount of foreign capital used in China from January to April was 478.61 billion yuan, a year-on-year increase of 20.5%.
At a regular press conference held by the Ministry of Commerce on May 19, spokesman Shu jueteng analyzed the main reasons for the steady growth of China's utilization of foreign capital since this year. Shu jueteng said that first, the attraction of the Chinese market has not decreased. All regions and departments comprehensively promote epidemic prevention and control and economic and social development. The fundamentals of economic stability and long-term improvement have not changed. The Chinese market is very large, and foreign-funded enterprises are optimistic about the long-term development prospects in China. Second, the implementation of the opening-up policy has been effective. The new negative list of foreign capital access further liberalized the restrictions on the proportion of foreign shares in automobile manufacturing and other fields, effectively driving the growth of the scale of foreign investment. All departments actively responded to the demands of foreign-funded enterprises for convenience in doing business in China and issued a series of policies and measures, including ensuring equal participation of domestic and foreign investors in government procurement and extending the policy of exemption and reduction of foreign individual income tax, which stabilized the expectation and confidence of foreign investment. Third, the investment environment has been continuously optimized. The Ministry of Commerce has fully implemented the foreign investment law and its implementation regulations, thoroughly cleaned up the provisions inconsistent with the foreign investment law, and promoted the revision, repeal and formulation of more than 500 laws and regulations. The coordination mechanism for foreign trade and foreign investment and the special working class for key foreign investment projects timely coordinate all parties, strengthen service guarantee, help enterprises solve problems, promote the implementation and construction of key projects, and constantly improve the marketization, legalization and internationalization of the business environment. At the same time, China still has strong comprehensive comparative advantages in infrastructure, human resources and industrial supporting facilities, which provides a good environment for the development of foreign-funded enterprises.
"At present, affected by multiple factors, China faces many challenges in utilizing foreign investment, but many favorable factors for attracting foreign investment have not changed. The Ministry of Commerce will thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council, and work with all localities and relevant departments to continue to do a good job in stabilizing foreign investment, so as to provide a better environment and better services for the development of foreign-funded enterprises in China." Shu Jue Ting said.
