The actual use of foreign investment in the whole year will increase by about 5%

On December 30, Zong Changqing, director general of the Department of foreign investment of the Ministry of Commerce, said at the media briefing of the National Conference on business work that in 2020, the Ministry of Commerce will further increase its efforts to utilize foreign investment, strive to achieve a steady growth in the scale of foreign investment, and expand the scope and field of foreign investment. Focusing on China's work plan for the utilization of foreign capital next year, Zong said that the first is to work hard on policy implementation. We will ensure that a series of policies, including the 20 measures in the No. 23 document of the State Council, are implemented and come into effect, and further enhance the sense of access of foreign-funded enterprises. "Second, we should work hard on the access of foreign investment. We will continue to reduce the negative list, update the list of incentives, and further expand market access through "one reduction, one increase." The third is environmental optimization. Zong Changqing pointed out that we should pay close attention to the implementation of the foreign investment law and its regulations, completely cancel the examination and approval and filing of foreign investment in the business field, implement the information reporting system, and strive to create a market-oriented, legal and international business environment. Fourth, we need to build a platform, implement the policies of GF No. 11 document, vigorously promote the innovation and upgrading of national economic development zones, and create a new highland for reform and opening up. Finally, investment protection.

We will establish and improve the service system for foreign investment and the complaint mechanism for foreign-funded enterprises, and effectively safeguard the legitimate rights and interests of foreign-funded enterprises. "By taking the above measures, we will further enhance the confidence, expectation and sense of gain of foreign investment in China, and truly enable foreign businessmen to come, enter, stay and develop well." Zong said. In summing up China's utilization of foreign capital in 2019, Zong Changqing said that compared with the previous years, this year is the year with the most independent opening-up measures, the largest opening-up efforts and the deepest opening-up level in China, forming a "combination fist" to expand opening-up and absorb foreign capital, effectively stabilizing foreign investment confidence and expectations, and effectively ensuring the realization of the goal of stabilizing foreign investment throughout the year. According to statistics of the Ministry of Commerce, from January to November, the actual use of foreign investment in China was 845.94 billion yuan, an increase of 6.0% year-on-year; it was converted into 124.39 billion US dollars, an increase of 2.6% year-on-year. It is expected to grow by about 5% in RMB and 2% in US dollar for the whole year. While achieving stable growth in scale, the structure and layout of foreign investment will be further optimized or adjusted. In addition, according to statistics, in 2019 1~11, compared with the same period last year, foreign investment in service industry increased by 11.3%, accounting for 71.8%; the growth of high technology industry was 27.6%, accounting for 28.5%; the number of large projects with 100 million US dollars or more was 722, increasing by 15.5%; the countries along the "one belt and one road" and ASEAN's investment in China increased by 23.5% and 27.3% respectively.