Deloitte senior exec: Nation 'too attractive to ignore'
6 months, 2 weeks ago

Deloitte senior exec: Nation 'too attractive to ignore'

China Daily  

Deloitte's booth focuses on technology, green development and sustainability at the sixth CIIE. As the world's second-largest economy and the number one trading partner of more than 120 countries, China remains fundamentally connected to the rest of the world," Hill said. Although foreign direct investment in China contracted by 8 percent last year, partly because of a supply chain concentration risk after the COVID-19 pandemic, FDI declined 18 percent on average globally last year due to the interest rate hikes by the US Federal Reserve, said Hill. This indicates that consumption has overtaken investment to become the most important economic driver in China, as proven by consumption's 82.5 percent contribution to the country's GDP last year. About 40 percent of China's growth last year came from emerging green technology.

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Deloitte senior exec: Nation 'too attractive to ignore'
6 months, 2 weeks ago

Deloitte senior exec: Nation 'too attractive to ignore'

China Daily  

Deloitte's booth focuses on technology, green development and sustainability at the sixth CIIE. As the world's second-largest economy and the number one trading partner of more than 120 countries, China remains fundamentally connected to the rest of the world," Hill said. Although foreign direct investment in China contracted by 8 percent last year, partly because of a supply chain concentration …

Economic rebound prompts investment, new goals for foreign multinationals
1 year, 9 months ago

Economic rebound prompts investment, new goals for foreign multinationals

China Daily  

A Siemens staff member introduces the company's surgical robot to doctors in Qionghai, Hainan province, in 2021. Hou Yang, chairman and CEO of Microsoft Greater China, said multinationals are joining policymakers in hoping that measures announced at the two sessions will effectively reboot China's economic development dynamics, both internal and external. "At the highest level, Microsoft believes that the digital …

China's FDI inflow up 17.4% in H1
2 years, 4 months ago

China's FDI inflow up 17.4% in H1

China Daily  

Xinhua| Updated :2022-08-02 Foreign direct investment into the Chinese mainland, in actual use, expanded 17.4 percent year-on-year to 723.31 billion yuan in the first half of the year, the Ministry of Commerce said Friday. Specifically, foreign investment in high-tech manufacturing rose 31.1 percent, while that in the high-tech service sector jumped 34.4 percent. The service industry received 537.13 billion yuan …

World's second largest economy
3 years, 3 months ago

World's second largest economy

China Daily  

With a population of more than 1.4 billion, China is increasingly playing an important and influential global role. According to the National Economy and Social Development Statistical Bulletin 2020 released by the National Bureau of Statistics, China's GDP increased by 2.3 percent year-on-year, reaching 101,598.6 billion yuan, making it the world's only major economy to attain positive growth. With China …

China's overseas foreign direct investment set to gradually grow
3 years, 4 months ago

China's overseas foreign direct investment set to gradually grow

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Editor's Note: Foreign direct investment has played a major role in China's economic development, but now China has become not only the top FDI destination but also the largest source of outward foreign …

China's overseas foreign direct investment set to gradually grow
3 years, 4 months ago

China's overseas foreign direct investment set to gradually grow

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Editor's Note: Foreign direct investment has played a major role in China's economic development, but now China has become not only the top FDI destination but also the largest source of outward foreign …

From seeking FDI to becoming top overseas foreign direct investor
3 years, 4 months ago

From seeking FDI to becoming top overseas foreign direct investor

China Daily  

JIN DING/CHINA DAILY Editor's Note: Foreign direct investment has played a major role in China's rapid economic development, but now China has become, along with the top FDI destination, the largest source of outward foreign direct investment in the world, writes a veteran journalist with China Daily in the first of a series of commentaries on the importance of foreign …

From seeking FDI to becoming top overseas foreign direct investor
3 years, 4 months ago

From seeking FDI to becoming top overseas foreign direct investor

China Daily  

JIN DING/CHINA DAILY Editor's Note: Foreign direct investment has played a major role in China's rapid economic development, but now China has become, along with the top FDI destination, the largest source of outward foreign direct investment in the world, writes a veteran journalist with China Daily in the first of a series of commentaries on the importance of foreign …

每日一词∣外国直接投资 foreign direct investment (FDI)
3 years, 7 months ago

每日一词∣外国直接投资 foreign direct investment (FDI)

China Daily  

经济合作与发展组织表示，2020年中国吸引的外国直接投资增长了14%，使中国成为全球外国直接投资第一大目的地。中国良好的发展前景以及进一步开放的政策是吸引外国直接投资的关键因素。 China's favorable growth prospects and further opening-up policies are key factors that attract foreign direct investment. In 2020, FDI inflows to China increased 14%, making the country the top destination worldwide, according to the Organization for Economic Cooperation and Development. 一汽大众的员工在天津工厂的装配线上工作。（图片来源：中国日报） 【知识点】 外国直接投资指外国企业和经济组织或个人（包括华侨、港澳台胞以及我国在境外注册的企业）按我国有关政策、法规，用现汇、实物、技术等在我国境内开办外商独资企业、与我国境内的企业或经济组织共同举办中外合资经营企业或合作开发资源的投资（包括外商投资收益的再投资），以及经政府有关部门批准的项目投资总额内企业从境外借入的资金。 为了进一步扩大对外开放，积极促进外商投资，保护外商投资合法权益，规范外商投资管理，推动形成全面开放新格局，促进社会主义市场经济健康发展，我国从2020年1月1日起实施《中华人民共和国外商投资法》。该法实施以来，我国持续优化外商投资环境，推进更高水平对外开放。 商务部的数据显示，2020年，中国实际使用外资9999.8亿元人民币，同比增长6.2%，实现引资总量、增长幅度、全球占比“三提升”，成为跨国企业投资的“稳定器”和“避风港”。 【重要讲话】 我们要推动贸易和投资自由化便利化，深化区域经济一体化，巩固供应链、产业链、数据链、人才链，构建开放型世界经济。 We need to promote trade and investment liberalization and facilitation, deepen regional …

China remains magnet for FDI: China Daily editorial
4 years, 1 month ago

China remains magnet for FDI: China Daily editorial

China Daily  

Employees make auto parts at a foreign-funded company in Anshan, Liaoning province. According to data released by the Ministry of Commerce on Monday, foreign direct investment in the Chinese mainland saw positive growth for the seventh consecutive month in October, with the FDI in actual use expanding 18.3 percent year-on-year to 81.87 billion yuan. In contrast, the World Investment Report …

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