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Investment trends observed at 19th CIFIT

2016/10/11

The 19th China International Fair for Investment & Trade offered a great opportunity to grasp the latest investment trends with large numbers of international leaders from industry, academia and government agencies sharing their insights at the event.

China gathers strength amid global recession in investment

Jiang Zengwei, president of the China Council for the Promotion of International Trade, said that the slumping global economy has still not recovered its momentum after the financial crisis.

According to Jiang, more than 3,000 agreements and other documents signed across the globe are empowering regional free trade practices, contributing to the segmentation of international investment movements, and to a certain extent, constraining the growth of global investment.

Despite the testing situation, China managed to realize growth in both inward and outward investment in 2015. Data show that investment inflow reached $135.6 billion, up six percent from the year before, while investment outflow totaled $128 billion, up four percent.

Zhan Xiaoning, director of investment and enterprise at the United Nations Conference on Trade and Development, reflected that this indicates that China is still one of the most appealing investment destinations worldwide.

Attesting to Zhan’s conclusion was the enthusiastic participation from across the globe - more than 700 business delegations from 100 countries and regions, including the US, Germany and Italy, participated in the investment and trade fair.

Among the international business groups was the American Chamber of Commerce in South China, attending the event for the fourteenth time. Harley Seyedin, president of the AmCham South China, said that none of their member companies left China because of lack of confidence in the market.

That faith was not unsubstantiated. Data from the Ministry of Commerce showed that in first seven months of 2016 China absorbed 4.3 percent more foreign investment than last year, with investment from the US, the UK, and Germany increasing 129.8 percent, 96.8 percent, and 96.6 percent respectively.

Comprehensive, in depth reforms translating into new driving force

A representative of the Commerce Ministry, Sun Jiwen, said that new investment in China during the first seven months of 2016 reflects the faith of foreign investors in China’s economic prospects.

China’s efforts in deepening reforms not only attract inbound investment, but also pave the way for Chinese companies to expand globally.

Since 2015, a large number of transformative measures have been rolled out, including supply side reforms, reforms of state owned enterprises, and the construction of an innovative, open economic system.

The government improved protective measures towards intellectual property rights, added to policy transparency, and made more efforts to create an environment for fair competition, according to vice minister of commerce, Wang Shouwen.

China to expand free trade pilot zones

The National People’s Congress Standing Committee recently approved the decision to amend four laws regulating foreign investment, including the Law on Foreign-Capital Enterprises, to pave the way for expansion of the present administrative practice of allowing foreign investment except in certain listed projects, currently exercised in free trade pilot zones, to a wider region in China.

From 2018, China will expand the restricted investment list system to the entire country.

China is one of the largest and most dynamic markets and the attributes of developed markets and developing markets coexist in its economy, said Anders Runevad, the president and CEO of Denmark-based Vestas Wind Systems.