2023-07-09 07:29:57
Xinhua News Agency, Geneva, July 8(International Observation) China’s economy has received another “vote of confidence” in attracting foreign investment to a new high
Xinhua News Agency reporter Chen Binjie
According to the “2023 World Investment Report” recently released by the United Nations Conference on Trade and Development (UNCTAD), the amount of foreign direct investment attracted by China will increase by 5% in 2022, reaching a record US$189.1 billion. At the same time, affected by factors such as the escalating crisis in Ukraine, soaring food and energy prices, and soaring public debt, global foreign direct investment in 2022 will drop by 12% from the previous year to US$1.3 trillion.
Analysts pointed out that once morest the backdrop of multiple challenges faced by the world economy, China’s foreign direct investment has grown steadily, which once once more shows that the world has cast a “vote of confidence” in China’s economy.
The UNCTAD report shows that FDI inflows to developed economies will fall by 37% to US$378 billion in 2022, compared with a 4% increase in FDI inflows to developing countries to US$916 billion in 2022. Among them, the amount of foreign direct investment in developing countries in Asia remained stable at regarding 662 billion US dollars, accounting for regarding half of the global inflow, while the amount of foreign direct investment attracted by China continued to grow steadily.
According to the report, foreign direct investment inflows into China are mainly concentrated in manufacturing and high-tech industries, and most of the investment comes from European multinational companies. In the face of the complex world economic situation, China has continuously strengthened its leading role in innovation and strived to develop new industries and formats. A series of practical measures to promote high-quality development have made more and more foreign-funded enterprises optimistic regarding the long-term development prospects of the Chinese economy.
As China’s high-level opening up continues to advance, more and more foreign-funded enterprises have settled their R&D centers in China and become important participants and promoters of building an open innovation ecosystem. Behind the concentration of foreign R&D centers in China is China’s huge market, complete industrial ecosystem, continuously optimized business environment, and rich talent pool.
Gao Le, President and CEO of BMW Group Greater China, said that for BMW Group, China is not only the largest single market in the world, but also an important source of innovation. BMW Group has established the largest R&D center outside Germany in China. and digital systems.
Mohamed Ruta, President and CEO of Dubai Chamber of Commerce, believes that China’s economic growth has a solid foundation and is supported by a strong manufacturing and talent pool, which is crucial to innovation. China has complete infrastructure, strong financial technology, and rapid development in cutting-edge technologies such as artificial intelligence and the Internet of Things. These competitive advantages are very attractive to foreign companies.
Industry insiders believe that the economies of countries around the world have been impacted to varying degrees during the COVID-19 pandemic, and the performance of many multinational companies has been damaged. However, China has comprehensive supporting industries and strong economic resilience. The vast majority of foreign-funded enterprises in China still regard China as their main strategic market.
Borger Brende, President of the World Economic Forum, said that China’s economic development is of great significance to the world. China is the second largest economy in the world, contributing more than 30% to world economic growth. Many measures taken by China have supported economic growth, and a survey by the World Economic Forum shows that business people are full of expectations for the opportunities in the Chinese market following the epidemic.
The New York Times recently published an article pointing out that for German companies, the development in China is very important. Brudermüller, chairman of the executive board of German chemical giant BASF, said that business in China can enable the company to effectively offset the impact of high energy costs in Europe. “Without China, the restructuring that the company needs would be impossible.”
Analysts pointed out that under the superimposed effects of various factors such as the impact of the epidemic, geopolitical conflicts, and inflation, the restructuring of the global industrial chain has accelerated. The fact that China’s foreign direct investment continues to grow steadily shows that more and more people realize that those arguments and practices of “decoupling and breaking chains” will only make the prospects of the world economy, which is already facing many challenges, even more bleak. The vast number of developing countries in the country is conducive to the sharing of opportunities for companies from all countries, promoting a more orderly and efficient industrial connection in various countries, and promoting the construction of a resilient global industrial chain supply chain.
Regarding China’s role in the global trading system, WTO Director-General Iweala said that China plays a “significant role” in the global trading system, and China’s good performance in trade will boost other countries and regions, especially developing economies. overall economic and trade development.
A large number of investors from all over the world have invested in China, making China’s connection with the world economy increasingly close. China insists on opening up to the outside world at a high level, and makes greater efforts to attract and utilize foreign capital, which is conducive to further deepening mutually beneficial cooperation between China and other countries in the world, and promoting the construction of an open world economy.
Bernard de Witt, chairman of the Belgian-China Economic and Trade Commission, said that China provides important support for the operation of the global industrial chain and supply chain. This year, China’s economic growth prospects are promising, which will further help the global economic recovery.
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