The significant increase in foreign investment absorption in China's manufacturing industry in the first five months demonstrates the confidence of foreign enterprises in the Chinese market

From January to May, China's actual use of foreign investment was 369.06 billion yuan, a year-on-year increase of 6.8%. Among them, the actual use of foreign investment in the manufacturing industry was 112.89 billion yuan, a year-on-year increase of 12.4%, with a significant growth rate.

According to data from the Ministry of Commerce, investment in high-tech manufacturing and high-tech service industries both showed significant growth in the first five months. The actual use of foreign capital in these two industries was 41.7 billion yuan and 63.31 billion yuan respectively, with year-on-year growth of 23.2% and 68.9%, respectively.

At the regular press conference on the same day, Gao Feng said that the significant increase in the actual utilization of foreign capital in the manufacturing industry fully demonstrates the firm confidence of foreign investors in the Chinese economy and market.

According to data from the Ministry of Commerce, the actual use of foreign investment in May was 63.83 billion yuan, a year-on-year increase of 8.5%. In the first five months, the actual use of foreign investment in the central and western regions increased by 5.2% and 25.2% respectively. Hong Kong, South Korea, Japan, the United States, the United Kingdom, and Germany increased their investment in China by 3.7%, 88.1%, 18.9%, 7.5%, 9.2%, and 100.8%, respectively.

Gao Feng stated that from an investment perspective, China remains the most attractive investment destination in the world. China has formed a relatively complete infrastructure and supporting industrial system, continuously optimized the business environment, and the consumer market is upgrading with broad prospects.

Regarding concerns from the outside world that the "unreliable entity list" system may pose a potential threat to foreign enterprises in China, Gao Feng said that any foreign enterprise that complies with Chinese laws and regulations, market rules, and contractual spirit does not need to worry at all.

China will further optimize the business environment, safeguard the legitimate rights and interests of various enterprises, and maintain a market order based on the spirit of contracts, "said Gao Feng.

Information source: Chinese government website

He Yang/Organizing