久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Inbound FDI climbs despite trade disputes

By ZHONG NAN | China Daily | Updated: 2019-08-14 04:23
Share
Share - WeChat
[Photo/IC]

New measures ease foreign companies' market access, help inspire greater investor confidence

Despite the Sino-US trade dispute, China has attracted a great deal of foreign direct investment from diversified sources in the first seven months of 2019, laying a solid footing for the second half, experts and company leaders said on Tuesday.

The remarks came after the Ministry of Commerce said on Tuesday that FDI in the Chinese mainland rose 7.3 percent year-on-year to 533.14 billion yuan ($75.5 billion) between January and July, responding positively to the government's opening-up and liberalizing measures.

New growth momentum has been created by plans to establish six new pilot free trade zones and releasing two shortened negative lists for foreign investment to allow access to more industrial sectors, said Lu Ming, vice-dean at the Academy of China Council for the Promotion of International Trade.

The newly revised negative lists, which took effect July 30, ease foreign market access in agriculture, mining and manufacturing. The service sector has also seen substantial opening-up in transportation, infrastructure, culture and value-added telecommunications.

Xue Rongjiu, deputy director of the China Society for WTO Studies, said the new measures are key for driving FDI growth.

Foreign investors are optimistic on the long-term development of the economy and industry because the country advocates multilateralism, deepens reform and expands opening-up, in particular for companies from economies involved in the Belt and Road Initiative, he said.

In the past seven months, 24,050 new foreign-funded enterprises were started, the ministry said.

With industrial and consumption upgrades, investment in high-tech industries climbed 43.1 percent year-on-year — 29.3 percent of the total FDI — among which the high-tech service sector gained 97.4 billion yuan in FDI, up 63.2 percent.

Zhang Xiaofan, a partner at Deloitte's global Chinese services group, said trade tensions between China and the United States will not force any country or region to replace China's position as a key player in the global supply chain.

Because of its members' different cultures, currencies and political systems, the Association of Southeast Asian Nations cannot match China's size as a huge consumption market. Neither can ASEAN members muster as many policy and institutional advantages as China to fine tune economic structures and fend off potential financial risks, Zhang said.

China also has a well-developed infrastructure to support the real economy, Zhang added.

Attracted by China's consumer market driven by an expanding middle-income group and fast developing information technology, foreign investment from Germany and the Republic of Korea surged in the first seven months, posting growth rates of 72.4 percent and 69.7 percent year-on-year, respectively.

FDI from the European Union rose 18.3 percent year-on-year, while FDI from countries participating in the Belt and Road Initiative grew by 5 percent.

Joerg Wuttke, president of the European Union Chamber of Commerce in China, said that to prevent risks caused by unilateral actions, China and the European Union should further efforts to reach the EU-China comprehensive agreement on investment by 2020, perhaps eyeing a new free trade agreement soon after that.

Eager to expand in Belt and Road-related markets, Saudi Arabian Oil Co, one of the world's largest oil producers by revenue, said this year that it would invest $10 billion to build a fully integrated refining and petrochemical complex in Panjin, Liaoning province. It will include a 300,000 barrel per day refinery with an ethylene cracker with an annual capacity of 1.5 million metric tons. Saudi Aramco will supply up to 70 percent of the crude for the complex, which is to be on stream in 2024.

Confidence is also boosted by establishment of intellectual property rights courts at central and provincial levels starting this year, said Li Yong, deputy director of China Association of International Trade Expert Committee.

As China has hastened the development of an innovation-driven economy, it has been keen to enhance the legal regime for IP protection, and new protection mechanisms have already taken shape across the country, said Sang Bai-chuan, a professor of economics at the University of International Business and Economics in Beijing.

China is strongly supporting foreign companies' efforts to develop in its market, said Rachel Duan, president and CEO of GE Global Growth Markets.

FDI in July alone reached 54.82 billion yuan, up 8.7 percent year-on-year, according to the Ministry of Commerce.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 九九热精品在线 | 一级片视频免费观看 | 日韩一页 | 亚洲刺激视频 | 黄毛片一级毛片 | 久久久久久久久性潮 | 荡女妇边被c边呻吟久久 | 国产精品久久久久久久久久久威 | 天堂成人av | 免费毛片视频网站 | 在线精品视频免费观看 | 黄色三级三级三级 | 久久亚洲精品中文字幕亚瑟 | 窝窝人体色 | 日韩欧美精品一区二区三区 | 中国人免费观看高清在线观看二区 | 亚洲网站在线播放 | 99久免费精品视频在线观看2 | 在线91精品亚洲网站精品成人 | 中国女人毛茸茸免费视频 | 欧美激情特级黄aa毛片 | 欧美日韩在线观看视频 | 精品国产欧美一区二区五十路 | www.亚洲天堂 | 高清欧美不卡一区二区三区 | 欧美性狂猛bbbbbbxxxxxx | 在线免费精品视频 | 毛片手机在线视频免费观看 | 一本色道久久综合亚洲精品高清 | 美女三级黄 | 美女一级免费毛片 | 一区二区三区在线视频观看 | 精品国产三级在线观看 | 99久久国产免费中文无字幕 | 亚洲精品三级 | 国产精品久久久久久久专区 | 亚洲天堂成人在线观看 | 亚洲欧洲一区二区三区久久 | 国产亚洲自在精品久久 | 92精品国产成人观看免费 | 国产亚洲一区二区精品 |