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

    For foreign investors, China proves safest bet

    China Daily | Updated: 2021-02-19 09:26
    Share
    Share - WeChat
    Despite the challenges brought by COVID-19 and the global economic recession, China became the world's top destination for new FDI last year. [Photo/IC]

    JINAN-Entrepreneur Yun Hwang-suk from South Korea has just injected $1.5 million of capital into his electronics company in East China's Shandong province.

    The new investment will be used for product research and development and the upgrade of the integrated inductor production line for the joint venture in the coastal city of Weihai.

    Yun's confidence in the business is well-founded. Despite the COVID-19 pandemic, the company's sales revenue increased by 100 million yuan (about $15.5 million) to 210 million yuan in 2020.

    He attributed the firm's success to local supportive policies and opportunities brought by the Chinese market, noting that supportive policies have covered almost every aspect of life, including housing, medical treatment and schooling of their children.

    "Weihai has opened its arms to foreign investors," said Yun.

    Despite the challenges brought by COVID-19 and the global economic recession, China became the world's top destination for new foreign direct investment last year, and it has introduced a series of policies to further improve its business environment.

    The country bucked the global downtrend and recorded a 4 percent growth in FDI inflows, overtaking the United States as the largest recipient in 2020, a report released by the United Nations Conference on Trade and Development in late January showed.

    FDI into the Chinese mainland, in actual use, expanded 6.2 percent year-on-year to a record high of nearly 1 trillion yuan in 2020, said the Ministry of Commerce. In US dollar terms, the inflow went up 4.5 percent year-on-year to $144.37 billion.

    In the provincial capital Jinan, world-renowned forklift manufacturer Kion Group decided to invest 1.34 billion yuan to start a business locally. Construction of the plant started in October 2020, which is expected to produce 40,000 forklifts per year. The first phase of the project will be finished by November this year, with the annual production capacity to reach 26,000 by then.

    "China has quickly recovered from the coronavirus, and as one of the fastest-growing markets globally, it plays a key role in our strategy," said Gordon Riske, chief executive officer of the group.

    China is making greater efforts to reduce barriers to foreign investment, with more free trade zones established and the Foreign Investment Law passed.

    From 2016 to 2020, 17 pilot FTZs were newly set up, bringing the total number in the country to 21. Pilot FTZs will be granted greater autonomy of decision-making.

    Large-scale exhibitions like the 2020 China International Fair for Trade in Services and the third China International Import Expo were also held as scheduled, an indication of China's determination to open up at an even higher level.

    Zhan Xiaoning, an official in charge of investment and enterprises at UNCTAD, said China's fast economic recovery and investment facilitation policies played a crucial role in boosting foreign investment.

    Although full-year GDP growth figures of major economies are yet to be confirmed for 2020, there is consensus among economists and other experts that China may emerge as the only major economy to have posted growth, with its GDP expanding 2.3 percent to exceed the 100 trillion yuan threshold for the first time.

    "While ensuring the strict prevention and control of the pandemic, China has encouraged enterprises to resume work and production, which not only guaranteed the industrial and supply chains of foreign enterprises, but also boosted their confidence to invest in China," said Zhan.

    Xinhua

    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
     
    日韩免费码中文在线观看| 婷婷四虎东京热无码群交双飞视频 | 在线观看免费无码专区| 中文字幕乱码免费视频| 亚洲AV无码专区电影在线观看| 亚洲VA中文字幕无码一二三区| 国产午夜片无码区在线播放| 成人A片产无码免费视频在线观看 成人无码AV一区二区 | 人妻少妇无码视频在线| 无码精品尤物一区二区三区| 亚洲色成人中文字幕网站| AA区一区二区三无码精片| 亚洲国产AV无码专区亚洲AV | 亚洲中文字幕在线乱码| 大学生无码视频在线观看| 亚洲国产综合无码一区| 人妻丰满熟妇aⅴ无码| 2022中文字幕在线| 成人性生交大片免费看中文| 亚洲äv永久无码精品天堂久久| 无码人妻丰满熟妇精品区| 国产aⅴ激情无码久久| 午夜无码中文字幕在线播放| 日韩国产中文字幕| 好看的中文字幕二区高清在线观看| 亚洲爆乳精品无码一区二区| 国产日韩AV免费无码一区二区三区| 亚洲精品无码久久久久| 亚洲欧洲日产国码无码网站| 日韩综合无码一区二区| 中文字幕精品无码一区二区三区| 免费无码一区二区三区蜜桃| 中文字幕日韩欧美| 免费a级毛片无码a∨免费软件| 无码精品A∨在线观看十八禁 | 自拍偷在线精品自拍偷无码专区| 中文字幕丰满乱子无码视频| 人妻少妇无码精品视频区| 伊人久久无码中文字幕| 日韩欧精品无码视频无删节| 无码国产福利av私拍|