Source: International Business Daily
How popular Chinese investment is overseas may be answered by the foreign trade fair's press conference.
The 2018 International Capacity Cooperation Forum and the 10th China Overseas Investment Fair will be held in Beijing from September 15 to 16. Representatives of embassies or business institutions in More than 60 countries and regions in China can't wait to "appear" at the press conference held on July 5, the purpose of which is to introduce the investment environment and investment policies of Their countries to Chinese investors, hoping to attract more investment from China with the help of the stage of the foreign trade fair.
In this regard, the organizer of the foreign trade fair, the secretary general of the China Industry Overseas Development Association, and Zhenwei gave a reassuring pill. He introduced that this year's foreign trade fair will be "innovative foreign investment methods, promote global economic growth" as the theme, through a variety of activities for enterprises to build "going out" and "bring in" information bridge, to create opportunities for Chinese investors and participating countries to carry out investment cooperation.
Bullish on China's strength
According to the statistics of China's Ministry of Commerce, in the first five months of this year, Chinese domestic investors made non-financial direct investment in 2987 overseas enterprises in 149 countries and regions around the world, with a cumulative investment of 47.89 billion US dollars, an increase of 38.5% year-on-year, maintaining growth for seven consecutive months.
Hu Weiping, president of the China Overseas Development Association, believes that the increase in China's foreign investment has not only laid the foundation for improving the quality and efficiency of China's economy, but more importantly, stimulated the economic growth of the host country and achieved the purpose of win-win and mutually beneficial cooperation.
In order to attract more Chinese investment, representatives of embassies or business institutions in China of many countries also wasted no time in introducing their own investment policies, hoping to attract the attention of Chinese investors through their respective advantages. They are unanimously optimistic about China's strength.
It has been five years since the Belt and Road Initiative was proposed, but when Sierra Leone's ambassador to China, Kumba Momo, talked about the Belt and Road Initiative, he was still very excited. She believes that the "Belt and Road" has brought too many benefits to the world, which has promoted the establishment of a new type of international relations, strengthened and deepened bilateral and multilateral economic cooperation, promoted the interconnection of infrastructure, and become a link connecting different cultures and civilizations, so that global economies can share the fruits of world peace and development through the "Belt and Road" initiative.
Jiang Yun, the country representative of the Bahrain Economic Commission in China, and Glenn, the commercial counselor of the Philippine Embassy in China, chose to speak in numbers.
Jiang Yun said that Bahrain began to strengthen cooperation with China in 2013, and now looking back, the number of Chinese enterprises registered in Bahrain in the past five years has grown from more than 50 at that time to more than 600 today, and the stock of Chinese investment in Bahrain has also increased from 50 million US dollars at that time to 1.5 billion US dollars today.
Glenn said China is the fastest growing source of investment in the Philippines. In 2017, China became the eighth largest source of investment in the Philippines, with a total approved investment increase of 57.14% to a total of US$44 million. What is valuable is that China's investment in the Philippines in the first quarter of this year still achieved high growth under a high base, with a year-on-year growth rate of 49.5%. At the same time, in the first two months of this year, net cross-border investment from China increased by 466% compared with net cross-border investment in the whole year of 2017, which shows the strength of Chinese capital.
Looking forward to more cooperation
It is precisely because they see the benefits of Chinese investment that countries have more expectations for the cooperation opportunities triggered by the Chinese government's promotion of a new round of opening up.
Kumba Momo said that Sierra Leone has confidence in China's economic prospects and confidence in China's opening up, and believes that China will definitely appear more actively on the platform of bilateral and multilateral international cooperation and contribute opportunities to global economic development. Sierra Leone hopes to continue to share the opportunities that China has brought to global development, and the mining industry and tourism industry in the country are looking forward to the participation of Chinese enterprises. "Previously, Sierra Leone's economic development has always relied on the West, but now China has given us a different option, that is, to maintain political autonomy while developing the economy." Cumba Momo said.
Jiang Yun said that Bahrain looks forward to meeting more outstanding Chinese enterprises through the platform of the foreign trade fair to create new projects for production capacity cooperation, such as jointly building the "Digital Belt and Road". Because the bahraini economy has entered the "post-oil era", the government has also introduced a series of innovative policies to promote the full transformation of the entire country's economy to digitalization, and mobile payments, including digital currency exchanges, have achieved rapid development in Bahrain.
Glenn said that he hopes to attract more Chinese enterprises to invest in some key projects planned by the local government in the Philippines in addition to infrastructure investment projects, including manufacturing, agriculture, fisheries, infrastructure and logistics, medical care, large-scale housing, environment, climate change-related projects, energy, tourism, service industries, etc.
For the needs of various economies, the organizers of the foreign trade fair naturally pay attention to it. He Zhenwei said that the foreign fair will further enrich the content, and the two-day conference will hold 1 opening ceremony and main forum, 8 regional investment sub-forums, 8 industry investment sub-forums, 6 investment promotion meetings and 1 reception for a total of 24 activities to help the participants fully dock.
It is particularly worth mentioning that this year's foreign trade fair also introduced local governments as partners for the first time. Hu Weiping said that this year, the association cooperated with Liupanshui City in Guizhou Province for the first time, and in addition to the 10th Foreign Trade Fair, the 2018 China-ASEAN International Production Capacity Cooperation Forum was held in Panzhou City, Guizhou province in November. Wu Shengwei, deputy secretary of the Panzhou Municipal Party Committee of the Communist Party of China and secretary of the Municipal Law Commission, said bluntly that on the road to opening up to the outside world, regardless of size or order, Panzhou is the western gate of Guizhou in China, and also hopes to contribute to the "Belt and Road" initiative.