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Original title: China’s absorption of foreign capital reaches a new record, and investment in major investment sources maintains growth
November 3, 2020, National Exhibition and Convention Center (Shanghai) Xinhua News Agency
The magnitude of the absorption of foreign investment by China reached a record.
Today’s 3rd CIIE marked the beginning of its first day. On the morning of November 5, a reporter from The Paper (www.thepaper.cn) learned of the special foreign investment conference held at the CIIE press center that was released today in the “Statistical Bulletin of the China Foreign Investment in 2020 “, which mainly announced foreign investment in 2019. Happening. From the perspective of data analysis, the absorption of foreign investment by China in 2019 has four characteristics:
First, the scale of foreign investment has reached a record high.
In 2019, 41,000 foreign invested companies were established and the actual use of foreign capital was $ 141,230 million, a record, an increase of 2.1% over the previous year. As of December 2019, China has established a total of 1,002 million foreign-invested enterprises, and the cumulative actual use of foreign capital has reached US $ 2.29 trillion.
Second, service industries such as science and technology and information software have grown rapidly.
In 2019, the actual use of foreign capital in China’s primary, secondary and tertiary industries accounted for 0.3%, 29.9% and 69.8%, respectively, of which the actual use of foreign capital in the industry Tertiary increased 10.3% year-on-year, representing an increase of 5.2 percentage points over the previous year.
Third, investment in the main sources of investment sustained growth.
Among them, real investment in Singapore, South Korea and the Netherlands increased by 45.7%, 18.7% and 41.1%, respectively, over the previous year. Countries along the “Belt and Road” have established 5,570 foreign-invested companies in China, an increase of 25.2% over the previous year. The actual investment was US $ 8.12 billion, an increase of 33.6% over the previous year.
Fourth, the quality and efficiency of foreign investment performed well.
In 2019, the industrial added value of companies with foreign investment above the designated size continued to maintain a growth trend, an increase of 2% over the previous year. Foreign-invested companies paid 2.87 trillion yuan in taxes, representing 18.2% of national tax revenue. The profits of industrial enterprises with foreign investment above the designated size were 1.56 trillion yuan, which represents 25.1% of the national total. The total value of imports and exports of companies with foreign investment was US $ 1.82 trillion, representing 39.9% of the national total.
The newspaper reporter learned from the press conference that since 2020, despite the enormous impact of the sudden new corona pneumonia epidemic, China has scientifically coordinated the prevention and control of the epidemic and economic and social development, and it has achieved important strategic results in the prevention and control of the epidemic. The order of production and life has been reestablished in the world. The economic growth rate in the first three quarters went from negative to positive. From January to September, China actually used $ 103.26 billion of foreign capital, an increase of 2.5% year-on-year (equivalent to RMB 718.81 billion, an increase of 5.2%). “, which shows an opposite growth pattern.
The Fifth Plenary Session of the XIX Central Committee of the Communist Party of China has just concluded that during the period of the XIII Five-Year Plan, China has achieved significant results in comprehensive deepening reforms, and the openness to the outside world has continued to expand.
The total investment scale during the “13th Five Year Plan” period is preliminarily expected to reach around US $ 690 billion, and the average annual investment scale will increase by more than US $ 10 billion compared to the period of the “12th Five-Year Plan”. In recent years, the total amount of global transnational direct investment has shown a general downward trend, and China’s absorption of foreign capital in global FDI has increased from 6.6% in 2015 to 9.2% in 2019 , and this year is expected to continue to increase steadily.
The structure for absorbing foreign investment was further optimized. From 2016 to 2019, the service industry absorbed US $ 395.6 billion of foreign capital, an average annual increase of 2.2%, and its share increased from 69.8% in 2015 to 73.1% in 2019. The high-tech industry attracted US $ 129 billion in foreign investment, with an average annual growth rate of 23.9%. Average participation for the first four years during the 13th Five-Year Plan period increased by 11.6 percentage points compared to the 12th Five-Year Plan period. Among them, the high-tech services industry has an average annual growth rate of 37.3%.
At the same time, the Ministry of Commerce affirmed at the press conference that it will conscientiously implement the deployment of the Party Central Committee and the State Council, scientifically formulate the development plan for the use of foreign capital during the period of the “XIV Five-Year Plan “and intends to focus on the following five aspects: continue to expand openness and continue to improve the foreign investment management system Continue to strengthen the construction of open platforms, continue to protect the rights and legitimate interests of foreign entrepreneurs, and continue to optimize the environment business.
