2023-12-01 00:38:00
Xinhua 01.12.2023 08h38
China remains a popular destination for international investment, and its market offers new opportunities and sustainable growth points, multinational representatives and industry professionals said at the recently held Fourth Qingdao Multinational Summit. in this coastal city in the eastern province of Shandong.
Covering topics such as increased efforts to utilize foreign investments, new trends in the arrangement of industrial investments and international cooperation in the digital economy, the summit attracted more than 400 multinational companies.
At this event held in October, British pharmaceutical giant AstraZeneca inaugurated its Qingdao regional office. Under a memorandum of understanding signed in August, AstraZeneca will invest an additional $250 million in its inhaler factory in Qingdao.
Leon Wang, Executive Vice President of AstraZeneca, Says Relying on Qingdao’s Advantages as an Important Chinese Coastal City, AstraZeneca Will Achieve More Key Breakthroughs in Biopharmaceutical Industry, Accelerate Resource Aggregation innovation and will further strengthen competitiveness in this area.
According to the latest data released by China’s Ministry of Commerce, in the first eight months of this year, 33,154 new foreign-invested enterprises were established in the country, an increase of 33% year-on-year, and the quality of the The introduction of capital continues to improve.
In the first half of this year, China’s economy grew 5.5 percent from the same period last year, placing the country’s economic recovery at the forefront among major global economies.
“With the recovery and improvement trend in the overall Chinese economy, the confidence of multinationals in investment in China remains stable, and the overall upward trend of foreign investment in China has not changed ” said Lu Ning, deputy head of the development research department of the China Council for the Promotion of International Trade (CCPIT).
According to Zheng Yi, president of the American Chamber of Commerce in Shanghai, despite factors such as geopolitical disruptions and the COVID-19 epidemic that have affected investments in China, multinational companies, attracted by China’s economic potential, continue to consider China as an important strategic market.
According to the Chinese Ministry of Commerce, during the period January-July 2023, the actual amount of US investment used in China increased by 25.5% year-on-year, which shows the confidence of US companies in the business environment in China.
“Regarding the approval of projects, coordination of land resources and relocation of old enterprises, we have received considerable support and rapid response from the local government,” said Liu Xuemin, general manager for the nVent’s Asia-Pacific region.
China continues to accelerate the implementation of policy measures to strengthen support for foreign investment, including reasonably reducing the negative list, removing or further easing access restrictions, as well as organizing a series of investment promotion activities to further consolidate foreign enterprises’ investment confidence in China.
(Web editor: Ying Xie, Yishuang Liu)
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