A
teller counts and arranges dollar notes at an Agricultural Bank of
China branch in Qionghai, Hainan province. [Photo/China Daily]
The Chinese Ministry of Commerce released three reports to encourage
foreign investment and a Catalogue of Industries for Encouraging Foreign
Investment is expected soon, the 21st Century Business Herald reported
on Wednesday.
The three released reports include China's Foreign Investment
Statistics Bulletin 2022, China's Foreign Investment Guidelines (2022
edition) and China's Foreign Investment Report 2022.
The scale of China's actual use of foreign investment grew steadily
in 2021 with the actual use of foreign capital for the year reaching
1.198 trillion yuan, up 15.8 percent year-on-year according to the
China's Foreign Investment Statistics Bulletin 2022.
China's foreign direct investment inflows accounted for 11.4 percent
of the global share in 2021, ranking second in the world according to
the World Investment Report of the United Nations Conference on Trade
and Development.
In the first half of this year, China's actual use of foreign capital
reached 723.31 billion yuan ($112.35 billion), up 17.4 percent on a
comparable basis, according to data from the ministry.
Important decisions on China's in-depth implementation of the digital
economy development strategy and accelerating the construction of a
unified national market have been added to the Guidelines on Foreign
Investment in China (2022 edition).
In 2021, China's digital service export volume reached $194.84
billion, up 26.2 percent year-on-year; imports of digital services
reached $164.84 billion, up 18.1 percent year-on-year.
With the growing importance of the digital economy, the formulation
of rules and cooperation frameworks in the digital sector has become an
important part of many bilateral and multilateral economic and trade
negotiations.
China's accession to the Digital Economy Partnership Agreement will
promote further opening up of digital trade, establish an integrated
digital trade market with common rules and compatible standards and
expand mutual cooperation in digital fields with other countries.
It will also bring enterprises more cooperative opportunities in
digital industries and promote the development of the digital economy
for all parties.
China's policies and measures to achieve carbon peaking and carbon
neutrality have also been expanded and refined in the guidelines.
China improved its policies and institutional system for promoting
foreign investment in terms of investment access, facilitation measures,
investment promotion and investment protection last year, according to
China's Foreign Investment Report 2022.
The ministry will do a good job in attracting investment, ensuring
business security and maintaining business stability, and bring more
multinational companies to invest in China and share the dividends, said
Chen Chunjiang, director-general of the foreign investment
administration department at the ministry.