In the first nine months, China's actual use of foreign investment was 683.21bn

The second China International Import Expo came to an end. It can be predicted that in the future, China's opening-up efforts will increase, further release China's opening dividend to the world, and the spillover effect will be more significant. Since this year, China's opening up has been steadily promoted. From January to September this year, 30871 new foreign-invested enterprises were established in China, with the actual use of foreign investment of 683.21 billion yuan, up 6.5% year on year, according to the Ministry of Commerce. From the perspective of Bancassurance industry, the data of CBRC shows that as of the end of the second quarter, foreign banks had set up 41 foreign legal entities, 116 branches of foreign banks and 151 representative offices in China. Overseas insurance companies have set up 59 foreign insurance legal entities and 131 representative offices in China. The pace of opening up is faster and faster. At this Expo, China launched five new measures for opening up, which are conducive to promoting China's higher level and all-round opening up.

At present, the dividend of China's opening up is benefiting the world. The successful holding of the second China International Fair also shows China's determination to share the future with the world. At the same time, China continuously optimizes its business environment through reform to facilitate the entry of overseas capital and products into China. According to the global business environment report 2020 released by the World Bank recently, China's business environment scored 77.9 points (that is, China reached the world's best level of 77.9%), up 4.26 points over the previous year; it leapt to the 31st place in the world, up 15 points over the previous year. It is worth mentioning that in addition to the overall ranking jump, China has been selected by the world bank as one of the 10 economies with the greatest improvement in the global business environment for two consecutive years. The foreign investment law to be implemented on January 1 next year will further improve China's business environment. Facing the future, China will continue to promote high-quality economic development and bring more new opportunities for world economic growth. A number of experts suggested that we should focus on expanding the opening of commodity and investment markets, further reduce the overall level of import tariffs, and continue to reduce the negative list of foreign investment access. We will continue to optimize the business environment, stimulate market vitality and boost investment confidence. In addition, China has a huge domestic market and is very attractive to foreign investment. With the smooth closing of the second China International Fair, China will continue to implement the opening-up measures, strengthen the protection of intellectual property rights and improve industrial supporting facilities. It can be expected that more foreign investors will enter China in the future, and a higher level of opening up deserves the expectation of the whole world.