According to the latest data released by the Chinese Ministry of Commerce, in the first quarter, China’s actual use of foreign capital totaled 4.845 billion yuan, up 4.9 percent from the same period last year. The number of new foreign-capital enterprises in the country has exceeded 10,000, up 25.5 percent from the same period last year. “Come to China” is becoming the choice of more and more foreign enterprises.
It is worth mentioning that in the first quarter, China’s high-tech industry attracted 1.56 billion yuan of foreign capital, up 18 percent from the same period last year. It has its own special advantage in attracting capital. If foreign enterprises invest in high-tech and high-added-value sectors, they will have a good chance to share China’s quality development opportunity.
France and Britain’s investment in China registered a sharp increase in the first quarter, more than 6 times compared to the first quarter of last year. There are many reasons behind this. China has improved and cross-border movement has become easier. On the other hand, in the backdrop of intensive China-visits by leaders of European countries, strengthening business with China has become a common idea among large European enterprises. Kei announced an investment of 1 billion euros to set up an electric vehicle development and study center in Haifei city. Oliver Blume, Volkswagen Group’s board chairman, said after visiting China earlier this year, he has found a way to get closer to Chinese consumers.
China is the second largest consumer goods market and the largest online retail market in the world in terms of foreign capital. The Chinese market is undoubtedly a big cake. With this, China has the will to share this vast market with the world. Foreign enterprises and Chinese Deep convergence of the market is taking place.
(Credits-China Media Group, Beijing)
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