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Source title: Ministry of Commerce issued a statistical statement that will attract foreign investment of US $ 690 billion during the period of the XIII Five-Year Plan
People’s Daily, Shanghai, Nov 6 (Reporter Luo Shanshan) The “2020 China Foreign Investment Statistics Bulletin” released by the Ministry of Commerce on the 5th at the 3rd China International Import Expo shows that in 2019, they were established 41,000 new companies with foreign investment in China. Foreign capital amounted to US $ 141.23 billion, a record, an increase of 2.1% over the previous year, ranking second in the world in scale. As of December 2019, China has established a total of 1,002 million foreign invested enterprises and the cumulative actual use of foreign capital reached US $ 2.29 trillion Overall, in 2019, China will further expand the scale absorption of foreign investment, will further optimize the foreign investment structure, further improve quality and efficiency, and achieve steady and positive development.
According to reports, during the “13th Five-Year Plan” period, China’s overall absorption of foreign capital has maintained steady growth. From 2016 to 2019, the total amount of foreign investment attracted reached 549.6 billion US dollars, with an average annual growth rate of 1%. From 2017 to 2019, it ranked second in the world in attracting investment for three consecutive years. The total investment scale during the thirteenth five-year plan period is preliminarily estimated to reach US $ 690 billion, and the average annual investment scale will increase by more than US $ 10 billion during the twelfth five-year plan period.
Furthermore, foreign investment has made outstanding contributions to China’s economic and social development. From 2016 to 2019, the total export volume of companies with foreign investment reached USD 3.9 trillion, which represents 41.7% of the national total, and the total import volume reached USD 3.4 trillion, which represents 44.8% of the national total. The total tax paid was US $ 11.4 trillion, representing the national total. The proportion of tax revenues reached 19.3%, stimulating around 40 million urban jobs. The number of companies with foreign investment is less than 3% of the total number of all types of companies in the country, which generates 2/5 of China’s foreign trade, 1/6 of tax revenue and almost 1/10 of employment urban.
