日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

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
 
主站蜘蛛池模板: 一区二区成人 | 国产精品亚洲综合第一区 | 午夜私人影院粉色视频我要 | 一本大道久久a久久综合 | 爱性久久久久久久 | 国产九色在线 | 欧美1级 | 欧美久久xxxxxx影院 | 亚洲一级视频在线观看 | 九九99久久 | jjzz日本女人| 亚洲免费久久 | 网红主播vip福利视频 | 亚洲AV久久无码精品九号 | 三级黄色免费观看 | 看一天影院 理论片 | 十八勿入| 99精品在线观看 | 国产精品久久久免费视频 | 99中文在线 | 欧美精品一区二区三区蜜桃视频 | 亚洲一区二区三 | 日日摸夜夜添夜夜添亚洲女人 | 成人理论 | 国产成人免费永久播放视频平台 | 99久久免费视频在线观看 | 久草看片| 久久国产一区 | 天天躁日日躁狠狠躁av麻豆 | 美国黄色一级片 | 色接久久 | 国产成人av免费看 | 久久综合桃花 | 日韩视频免费 | 免费看一区二区三区 | 久草在线在线精品观看 | 色婷婷六月天 | 日本亚洲国产精品久久 | 黄网站在线观看高清免费 | 一级片性 | 草樱av |