Source:China Central Radio and Television Station International Online
International Online Report (Reporter Wei Yuchen):According to The Ministry of Commerce and the State Administration of Foreign Exchange statistics show that in 2020, China’s foreign direct investment was US$132.94 billion (equivalent to RMB 916.97 billion), a year-on-year increase of 3.3%. Among them, foreign non-financial direct investment was US$110.15 billion (equivalent to RMB 759.77 billion). China’s foreign investment cooperation has maintained steady and healthy development, and foreign investment has achieved overall growth. At the same time, China’s service outsourcing industry is developing rapidly and healthily, and the amount of offshore service outsourcing undertaken exceeds US$100 billion for the first time.
The spokesperson of the Ministry of Commerce, Gao Feng, said on the same day that China’s investment and cooperation in the “Belt and Road” countries has been steadily advancing in the past year.”In 2020, Chinese companies will invest US$17.79 billion in non-financial direct investment in 58 countries under the Belt and Road Initiative, a year-on-year increase of 18.3%, accounting for 16.2%of the total in the same period, an increase of 2.6 percentage points from the previous year. New contracting in countries along the route The project contract value was US$141.46 billion, and the completed turnover of 911 was US$2 billion, accounting for 55.4%and 58.4%of the total amount in the same period.”
This week, data from the State-owned Assets Supervision and Administration Commission also showed that despite the impact of the new crown pneumonia epidemic, the flow of personnel control and the transportation of equipment and materials in the countries where the central enterprises’ overseas projects are located were blocked last year, but the central enterprises are actively acting and doing a good job. Based on our own prevention and control, we will steadily promote the construction of overseas projects. None of the key projects of the “Belt and Road” have been suspended because of this.
Bai Ming, deputy director of the International Market Research Institute of the Ministry of Commerce, also believes that the”Belt and Road” cooperation initiative is widely recognized and put into practice, and some cooperation projects have been put into production and have been effective. “As the entire world’s economy has shrunk due to the epidemic, and the entire world’s investment scale has fallen sharply, China’s investment can be stabilized, especially in the countries of the “Belt and Road”. This is due to the fact that the “Belt and Road” initiative we put forward in the past few years has been recognized by many countries. From recognition to the start of actual projects, this has led to an increase in China’s foreign investment.”
The data also shows that in the past year, investment in leasing and business services, wholesale and retail, scientific research and professional technical services, and power production and supply have grown rapidly; 80%of newly signed projects for foreign contracting projects are concentrated in the field of infrastructure.
China’s service outsourcing data for 2020 was also released on the same day. In 2020, China’s service outsourcing industry will develop rapidly and healthily, and the international influence of the”China Service” brand will continue to increase. China’s implementation of offshore service outsourcing also exceeded US$100 billion for the first time, driving a 3.8%increase in service exports. Gao Feng, a spokesperson for the Ministry of Commerce, introduced:”From a market perspective, in 2020, I will undertake US service outsourcing executions of 155.06 billion yuan, an increase of 17%year-on-year. The execution of offshore outsourcing activities undertaken by Hong Kong, China and the EU will increase by 5.7%and 5.8%respectively. The top three markets of the United States, Hong Kong, and the European Union accounted for more than 53%of China’s offshore service outsourcing. The implementation of offshore outsourcing from countries under the “Belt and Road” was 136.06 billion yuan, a year-on-year increase of 8.9%.”