Current location:health >>
Economic Watch: China remains popular destination for foreign investment
health6968People have gathered around
IntroductionAerial photo taken on Dec. 28, 2021 shows the new Tiexi Plant of BMW Brilliance Automotive (BBA) und ...
Aerial photo taken on Dec. 28, 2021 shows the new Tiexi Plant of BMW Brilliance Automotive (BBA) under construction in Shenyang, northeast China's Liaoning Province. (Xinhua/Yang Qing)
BEIJING, Feb. 21 (Xinhua) -- China remains a hot spot for foreign investment, as business operators' opinions resonate with the country's official data.
Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 14.5 percent year on year to 127.69 billion yuan in January, the Ministry of Commerce said Monday. In U.S. dollar terms, the FDI inflow went up 10 percent year on year to 19.02 billion U.S. dollars.
High-tech industries saw a rapid FDI increase of 62.8 percent in January. Specifically, foreign investment in high-tech manufacturing surged 74.5 percent, while that in the high-tech service sector rose 59.6 percent.
In Shenyang, the capital city of Liaoning Province in northeast China, the five millionth car produced by BMW Group's joint venture in China, BMW Brilliance Automotive Ltd. (BBA), rolled off the production line on Monday.
The five millionth car is an all-new pure electric BMW i3 eDrive40L, which shows that BMW is ready for the electric era in China's automotive industry, said Franz Decker, the president and CEO of BBA, in an interview.
The company said BMW sold about 42,000 pure electric vehicles in China in 2022, up 91.6 percent from the previous year.
In south China's Guangdong Province, ExxonMobil's mega-investment project in Huizhou made new progress in February as it completed the hoisting of heavy equipment and started the construction of a technology center.
The ExxonMobil Huizhou Ethylene Project, with a total investment of about 10 billion U.S. dollars, has seen the smooth construction of the first-phase project and the preparatory work of the second-phase project.
It is ExxonMobil's first integrated center of its kind outside the North American headquarters with a pilot plant, product development, and process development, which can serve to meet the growing market and technology needs of the Asia Pacific region, according to Fernando Vallina, chairman of ExxonMobil (China) Investment Co., Ltd.
"We believe that Guangdong has a highly business-friendly environment. The government is very experienced. We will continue investing here with our model. It's not to build just one plant; it is to build first a complex and then keep on adding faces, keep on investing for many years," said Vallina.
Data show that the total amount of funds in place for the whole project reached 1.42 billion U.S. dollars, and the accumulative investment in fixed assets reached 17.55 billion yuan (around 2.55 billion U.S. dollars) by the end of 2022.
"China is the biggest market in the world for chemicals. It is the second-largest economy in the world. So it's a vitally important market for us. We believe that to be successful globally, it's imperative to be successful in China," said Vallina.
GE Healthcare China President and CEO Zhang Yihao said the strong resilience and vitality of the Chinese economy and the opportunities for China to further open up at a higher level strengthened the company's confidence in deep-rooted development in China.
FDI flowing into China's central region reported a year-on-year expansion of 25.9 percent in January, followed by 21.6 percent in the western region.
Shu Jueting, a spokesperson for the commerce ministry, said on Thursday at a press conference that China will always adhere to open cooperation and provide opportunities for the world through its own development.
Foreign businesses will enjoy more opportunities in China's enormous markets, institutional opening-up, and deepened international cooperation, Vice Minister of Commerce Sheng Qiuping has said. ■
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Workshop news portal”。http://solomonislands.graduatethesis.org/news-75a299834.html
Related articles
Sweden beats France, Britain relegated after losing to Norway at hockey worlds
healthPRAGUE (AP) — Sweden beat France 3-1 to preserve a perfect record at the ice hockey world championsh ...
【health】
Read more5 takeaways from the global negotiations on a treaty to end plastic pollution
healthOTTAWA, Ontario (AP) — The world’s nations finished a round of negotiations early Tuesday on a treat ...
【health】
Read moreQueen Mary and King Frederik are caught in a royal Photoshop row
healthRoyal watchers have accused Queen Mary and King Frederik of Denmark of photoshopping their first off ...
【health】
Read more
Popular articles
- NBA playoffs: Edwards leads Wolves to 98
- Scammers stole more than $3.4 billion from older Americans last year, an FBI report says
- Tunisian opposition wants political prisoners freed before taking part in presidential election
- California's population grew in 2023, halting 3 years of decline
- Dali cargo ship is finally brought back to port
- California's population grew in 2023, halting 3 years of decline
Latest articles
These hilarious notices will make you do a double take
Swiatek rallies against Haddad Maia to reach Madrid Open semis
Dortmund's injury concerns ease before facing PSG in Champions League semifinal
US challenges 'bogus' patents on Ozempic and other drugs in effort to spur competition
Tamara Ecclestone is criticised as her daughter Fifi, 10, heads out wearing heavy make
Derrick White scores 38, Celtics top Heat 102
LINKS
- Scientific herding improves yield, environment
- Springtime blossoms add cheer to tourism
- Cultural confidence glows via new Chinese
- New findings unveil stone processing practices of China's Liangzhu civilization
- Chess Preview: China's world champion Ding seeking first Asian Games gold
- Chase Elliott drives backward after Texas win that could get him going in the right direction again
- Art reshapes rural scene in SW China village
- Titian's masterpiece Flora breathes vibrancy into Sino
- Feature: Turkish athletes recall fond memories of Chengdu FISU Games
- In pics: 40th FIG Rhythmic Gymnastics World Championships