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In the first eight months, China's foreign investment remained stable

Date:2020-09-18  Hits:167
At the regular press conference held by the Ministry of Commerce on the 17th, a spokesman of the Ministry of Commerce gave a briefing on the current situation of China's foreign investment and cooperation.



According to the latest data, from January to August 2020, China's foreign non-financial direct investment reached RMB 480.45 billion, a year-on-year decrease of 2.6%. The newly signed contract amount of foreign contracted projects was 946.94 billion yuan, an increase of 7.3% over the same period of last year; the completed turnover was 558.11 billion yuan, down 10.2% year on year. Foreign labor cooperation sent 183000 labor personnel of various types, and 644000 foreign labor service personnel at the end of August.



Specifically, China's foreign investment in the first eight months of this year has the following characteristics:



- one belt, one road, and the investment cooperation between the two countries has been steadily advancing. China's one belt, one road, and other countries along the way, from 1 to August, invested 11 billion 800 million yuan in non financial sector, up 31.5% from the same period last year, accounting for 17.2% of the total period, representing a 4.8 percentage point increase over the previous year. The new contract for one belt, one road, and the other countries will be 72 billion 950 million USD, and the turnover will be 46 billion 20 million USD, which will account for 54% of the total contracted foreign contracted projects and 57.9% of the total turnover.



——Foreign investment of local enterprises has increased. From January to August, foreign non-financial direct investment of local enterprises reached US $49.27 billion, up 5.1% year on year, accounting for 71.9% of the total foreign direct investment in the same period. Among them, the foreign investment of provinces and cities along the Yangtze River economic belt was 22.05 billion US dollars, an increase of 13.1% year-on-year.



——The number of newly signed large-scale projects for foreign contracted projects has increased. From January to August, 462 projects with a total contract value of more than 50 million US dollars were signed, totaling US $111.45 billion, accounting for 82.6% of the total amount of new contracts. Among them, 265 projects with more than 100 million US dollars, an increase of 7 over the previous year.



——The trend of foreign contracted projects in some industries is good. From January to August, the newly signed contract amount of general construction, petrochemical and water conservancy construction projects increased rapidly, of which, the newly signed contract amount of general construction project increased by 41.9% to 34.15 billion US dollars; the newly signed contract amount of petrochemical industry was 11.63 billion US dollars, with a year-on-year increase of 36.2%; the newly signed contract amount of water conservancy construction project was 3.62 billion US dollars, with a year-on-year increase of 73.2%.



In addition, with regard to the negotiation of the China EU investment agreement, Gao Feng said that since this year, China and the EU have overcome the impact of the epidemic and accelerated the pace of negotiations. Six rounds of formal negotiations have been held, and positive progress has been made in the text and list negotiations. At the Eighth China EU high level economic and trade dialogue, the two sides confirmed the significant progress made on the issue of fair competition. This also means that the overall negotiation process has taken a big step forward. The two sides will continue to maintain the good momentum of negotiations, focus on the remaining text issues and market access issues, actively and pragmatically explore solutions, so as to make the agreement benefit enterprises and investors of both sides at an early date.
 
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