Foreign funded enterprises are optimistic about the Chinese market (entering the market to see confidence) Investment | China | Market

Release time:Apr 14, 2024 06:16 AM

In the first half of this year, news came one after another that foreign investors were firmly optimistic about the Chinese market:

In Shenyang, BMW Brilliance announced that it will start producing a pure electric new generation model from 2026, and the BMW sixth generation power battery project with a total investment of 10 billion yuan has fully started construction;

In Chengdu, Siemens added 1.1 billion yuan of investment in fixed assets investment to build a Chinese intelligent manufacturing base for industrial automation products;

In Qingdao, AstraZeneca signed an investment cooperation agreement with Qingdao High tech Industrial Development Zone, announcing the expansion of production and investment in China, and working together with Qingdao to deepen cooperation in the construction of regional headquarters and rare disease highlands

During a recent inspection in Jiangsu, General Secretary Xi Jinping pointed out that it is necessary to smooth the domestic and international double circulation, actively break through the blocking points and break points, constantly innovate new ways and measures to attract foreign investment and expand opening up, build a two-way opening hub with world cohesion, promote the innovative development of foreign trade, and constantly consolidate and expand the international market.

When presiding over the second meeting of the Central Committee for Comprehensively Deepening Reform on July 11, General Secretary Xi Jinping emphasized that it is necessary to build a new development pattern around services, focus on institutional opening up, and focus on foreign exchanges and cooperation such as investment, trade, finance, and innovation. We will deepen the reform of systems and mechanisms in key areas, improve supporting policies and measures, and actively raise my country's opening up to a new level.

This year, the Ministry of Commerce launched a series of investment promotion activities for the "Investment in China Year" to enhance the understanding of China's investment environment and foreign investment policies among foreign-funded enterprises, optimize the business environment in various regions, facilitate the flow of factors, and make greater efforts to promote the stability and expansion of foreign investment. Opening up China continuously provides new opportunities for the world with its own new development, and continues to become an investment hotspot in the eyes of foreign-funded enterprises.

In the first five months of this year, the actual amount of foreign investment used nationwide was 574.81 billion yuan; 18532 new foreign-invested enterprises were established, a year-on-year increase of 38.3%.

Boosting investment and continuously expanding industrial layout

In Changzhou National High tech Industrial Development Zone, Jiangsu, Medtronic Kanghui Changzhou Science and Technology Park is accelerating its construction. In April this year, the groundbreaking ceremony of the Medtronic Kanghui Changzhou Science and Technology Park project was held. This comprehensive orthopedic and orthopedic innovation technology park, which integrates production, research and development, incubation, and customer experience, is an important step for Medtronic to seize the opportunities for China's future development and take long-term investment.

"Medtronic has always believed that China will become an important global source of medical technology innovation, continue to deeply cultivate the Chinese market, firmly implement the localization development strategy in China, and use innovative medical technology to help build a healthy China," said Jeff Massa, Chairman and CEO of Medtronic.

Since the beginning of this year, government officials, heads of international institutions, and executives of multinational corporations from various countries have visited China intensively, sparking a wave of "visiting China" and "increasing capital". "China is an exciting place for investment" "Chinese path to modernization has brought important opportunities to the world"... At various economic and trade events and factory parks, foreign businessmen have discussed cooperation with Chinese entrepreneurs and sought business opportunities, expressing strong expectations for China's economic development and an urgent desire to strengthen cooperation.

From an industry perspective, in the first five months of this year, the actual amount of foreign investment used by the manufacturing industry was 147.08 billion yuan, an increase of 5.9%. The actual use of foreign investment in high-tech industries increased by 7.5%, with high-tech manufacturing industry increasing by 30.8% and high-tech service industry increasing by 1.5%.

From the source, in the first five months of this year, actual investment in China by France, the United Kingdom, Canada, and Japan increased by 429.7%, 179.2%, 170.1%, and 63.3%, respectively.

Recently, the China Council for the Promotion of International Trade conducted a survey and visit to over 600 foreign-funded enterprises, and the results showed that 97% of foreign-funded enterprises rated the foreign investment policies introduced by the Chinese government since the fourth quarter of last year as "satisfactory" or above. The Yangtze River Delta, Pearl River Delta, and Chengdu Chongqing region are the main regions that attract foreign investment. According to the calculation of the State Administration of Foreign Exchange, in the past five years, the return on foreign investment in China has been 9.1%, while in Europe and America it is around 3%, and in emerging economies it is 4-8%. Against the backdrop of sluggish global economic growth, China will undoubtedly continue to be an important investment destination for foreign companies.

Wide space and prominent advantages in the Chinese market

Driven by high-quality development, China's super large market and domestic demand potential advantages are prominent, and new development drivers such as green transformation and digital economy are surging.

In June, Schneider Electric held an innovation summit in Wuzhen, Zhejiang, inviting thousands of industry experts and business leaders to jointly explore the path of China's industrial transformation towards digitalization, green and low-carbon.

"The 'dual transformation' of digitalization and green low-carbon will accelerate China's industry towards high-end, intelligent, and sustainable development. Under the trend of 'dual transformation', the demand in the Chinese market is more diverse, and the requirements for service speed and quality are higher. Yin Zheng, Executive Vice President of Schneider Electric and President of China and East Asia, stated that Schneider Electric will continue to strengthen the construction of the China Center, comprehensively innovate, and closely work with ecological partners to jointly promote the 'dual transformation' and achieve mutual creation and win-win.".

Experts believe that currently, China's energy structure, industrial structure, transportation structure, and production and lifestyle are accelerating their transformation and upgrading, bringing numerous opportunities for global cross-border investment.

Panasonic Group of Japan is also optimistic about China's green and low-carbon development prospects. Panasonic Wuxi Battery Factory has created a demonstration project for hydrogen fuel cell cold, heat, and power cogeneration, using pure hydrogen as energy source. Pure hydrogen fuel cells not only provide green electricity, but also recycle the waste heat generated from power generation, exploring a wider range of hydrogen energy application scenarios.

"At present, Panasonic has built 5 zero carbon factories in China, and it is expected to expand to 16 by 2024. By 2030, all Panasonic factories will become zero carbon factories." Panasonic Group's Global Vice President and President of the Japan Chamber of Commerce in China, Tetsuro Honda, stated that Panasonic will continue to leverage its technology and application accumulation in the field of hydrogen fuel cells, work together with Chinese partners, and support the development of China's new energy industry.

Not long ago, Volkswagen Group announced the establishment of a new research and development company in China - Volkswagen Technology Co., Ltd. The new company will become the largest research and development center outside the group's headquarters in Germany, focusing on the development of advanced electric vehicles and intelligent connected vehicles.

"From the perspective of international automakers, the Chinese automotive market has become our 'fitness center'. We must work harder and faster to 'train' ourselves to keep up with market trends." Volkswagen Group Chairman and CEO Bered believes that China has become a leader in the transformation of the automotive market towards comprehensive electrification. It is expected that by 2030, the annual sales of the Chinese automotive market will increase to 28 million to 30 million units, with new energy models accounting for 74% and pure electric models accounting for over 55%.

Optimize the environment, open up cooperation for mutual benefit and win-win results

On July 5th, the Ministry of Commerce held a roundtable meeting for foreign-funded enterprises. This is an upgraded roundtable conference system for foreign-funded enterprises established by the Ministry of Commerce based on the existing normalized exchange mechanism, relying on the coordination service mechanism for foreign trade and foreign investment. Minister of Commerce Wang Wentao stated that through this institutional arrangement, regular meetings will be held to further expand channels for collecting issues and listening to suggestions, timely respond to and solve corporate concerns, and assist foreign-funded enterprises in long-term and stable development in China.

This year, in order to attract and utilize foreign investment more vigorously, the Ministry of Commerce launched a series of investment promotion activities called "Investment in China Year". After the launch ceremony and Guangdong special promotion, more than 10 activities have been held successively, including "Entering Jilin for the CIIE", "Multinational Corporation Longjiang Tour", and national level economic development zone special promotion. Investment promotion has also been carried out in Gulf countries, Germany, and other places to attract more foreign investors to visit and invest in China.

Various regions are also actively deploying efforts to attract foreign investment and accelerate the signing and landing of foreign investment projects.

Guangdong has introduced several policy measures to promote high-quality development of investment attraction, proposing to hold activities such as multinational corporations' "Bay Area Tour" and hold the Guangdong Hong Kong Macao Greater Bay Area Global Investment Promotion Conference well. Shanghai has released the Implementation Measures for the Shanghai Global Partnership Plan to Promote Foreign Investment, which aims to select a group of strong, diverse, and well managed global partners, leverage the advantages of global partner resources, and introduce high-quality foreign investment projects that are in line with the development direction of key industries in the city. Fujian has issued a notice on several policy measures to promote the expansion of foreign investment, stabilize stock, and improve quality, proposing to create a first-class foreign investment environment, implement positive incentives for the use of foreign investment, and accelerate the landing and construction of key foreign investment projects.

"The growth potential of the Chinese coffee market is enormous. The mature and segmented consumption behavior of Chinese customers leads the global trend." In May of this year, Starbucks' global CEO, Na Sihan, who visited the Chinese market for the first time, stated that Starbucks has set a goal of opening 9000 stores in China by 2025, and in the future, China will become the largest market for Starbucks in the world.

For a long time, Chinese society has been stable, with numerous investment opportunities and considerable investment returns, forming a strong attraction for enterprises from various countries. To promote the new journey of Chinese path to modernization, China will open wider and wider, the environment will be better and better, and the service will be better and better. An open and developing China will inevitably attract more foreign enterprises to deeply cultivate the Chinese market, achieve mutual benefit and win-win, and share development opportunities.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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