China s diversified outbound direct investment portfolio, especially in sectors like healthcare, scientific research and technical services, will help ease COVID-19 pressures for more countries and regions and revitalize the global economy, experts said on Thursday.
The comments came after the Ministry of Commerce said that China s ODI grew by 11.4 percent on a yearly basis to $43.9 billion during the first four months of the year, while the total contract value of Chinese companies newly-signed overseas projects reached 463.93 billion yuan ($72.74 billion), up 1.2 percent on a yearly basis, during the same period.
In addition to investing in traditional sectors, such as manufacturing, agriculture and infrastructure projects, in overseas markets, China s ODI in scientific research and technical services, transportation, residential services, healthcare and other areas increased during the four-month period, said Gao Feng, a spokesman for the ministry.
Introduction Officials, ambassadors, media veterans and scholars attend the forum to share their thoughts on how the Regional Comprehensive Economic Partnership agreement will propel regional cooperation in Asia. The event is jointly organized by the publicity department of the Hainan provincial government, China Daily, the China Institute for Reform and Development, and Institute for Free Trade Port with Chinese Characteristics.
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Port business environment gets a new facelift
As the RCEP trade agreement is planned to go into force next year, the General Administration of Customs has been working on a slew of measures, in a move to build up a market-oriented, legalized and internationalized port business environment, said Dang Yingjie, deputy director-general of the National Office of Port Administration.
Trade ties on the up thanks to FTA boost
The upgraded free trade agreement between China and New Zealand will generate fresh momentum for their trade ties in the coming years, boosting the trade in goods and services and regional connectivity activities.
Many opportunities occurred after the two sides inked an upgrade to their 12-year-old bilateral FTA in late January, on the basis of the Regional Comprehensive Economic Partnership that they signed along with 13 other countries in the region in November.
Under the upgraded agreement, China and New Zealand have committed to reinforcing cooperation in areas including e-commerce, competition rules, government procurement, and their trade in goods, said Yu Benlin, director-general of the Department of International Economic and Trade Affairs at the Ministry of Commerce.
Nation expects steady growth of FDI this year
1 2021-04-20 14:39:38China Daily
Editor : Zhang Mingxin
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FAW-Volkswagen employees work on an assembly line at the automaker s Tianjin plant. [Provided to China Daily]
Stable pace fueled by moves to further expand domestic market
Foreign direct investment into China is expected to grow at a stable pace this year, thanks to the country s moves to further expand its domestic market and its status as the biggest trading partner of more than 120 countries and regions, said experts and business leaders.
After surpassing the United States as the world s biggest recipient of foreign investment last year, China continues to see fast FDI growth this year. The country s actual use of foreign capital soared by 43.8 percent year-on-year to $44.86 billion in the first quarter of the year, according to data released by the Ministry of Commerce.
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