Industry information
Ministry of Commerce: acceleration of resumption of foreign enterprises
【Time:2020-04-24 17:43】 【Traffic:

 At the regular press conference of the Ministry of Commerce on May 23, the reporter learned that the resumption of work and production of foreign-funded enterprises in China is gradually improving. Next, China will continue to promote the expansion of opening-up, continue to optimize the business environment, further enhance the confidence of foreign investors in China for a long time, stabilize the stock and promote the increment, and do a good job in stabilizing foreign investment this year.

Gao Feng, a spokesman for the Ministry of Commerce, said that the current situation of epidemic prevention and control in China is further consolidated, the economic and social operation is gradually becoming normal, and the resumption of production of enterprises is gradually approaching or reaching the normal level. "The huge resilience of China's economy, especially the gradual release of China's market consumption potential, has effectively boosted the confidence and expectation of foreign investors in China's investment against the backdrop of the current severe global economic situation."
According to the previous monitoring by the Ministry of Commerce, the rate of foreign-funded enterprises returning to work in China has steadily increased. According to a survey of more than 8700 key foreign-funded enterprises in China, 72.8% of the enterprises with a recovery rate of more than 70% as of April 14, up 0.9 percentage points from last week.
It is understood that the recent survey conducted by chamber of Commerce institutions such as the American Chamber of Commerce of China and Japan Trade Promotion Agency shows that since March, the production and operation of enterprises invested in China, the United States and Japan have tended to improve, and the willingness to invest has significantly increased compared with February.
It is worth noting that more positive factors are still accumulating. The reporter learned from the Ministry of commerce that the implementation of major foreign investment projects is being accelerated. At present, the Ministry of Commerce, together with relevant departments and local governments, has established and improved a special working mechanism and a standing book for key foreign-funded projects. The national development and Reform Commission has also made it clear that it will further promote the resumption of foreign investment projects and enterprises. Efforts should be made to help solve the difficulties and blocking points in the resumption of production, and promote the collaborative resumption of production at the upstream and downstream of the industrial chain.
With the implementation of favorable policies, new foreign investment projects are also accelerating their implementation. For example, in Jiangsu Province, 118 foreign-funded projects have been signed since the outbreak, with an estimated total investment of US $14.36 billion. Zhejiang has taken advantage of the Internet platform, launched "online business fair", "Online Fair" and other cloud business promotion methods, recently introduced 74 foreign investment projects through "cloud signing", with a total investment of 6.211 billion US dollars.
"China will continue to unswervingly expand opening up, relax market access, further expand imports, promote trade and investment liberalization and facilitation in opening up, and make China's due contribution to the recovery and development of the global economy." Gao Feng said.
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