Xinhua Finance | The task of stabilizing w88 sports betting is arduous, new infrastructure and other projects may become new hot spots
(Source: "Xinhua News Agency" Xinhua Finance 2020-03-19)
Xinhua News Agency, Beijing, March 19 (Reporters Yu Rui, Ding Yawen)Affected by the impact of the COVID-19 epidemic and the Spring Festival holiday, my country’s actual use of foreign capital fell by 25.6% year-on-year in February. Industry experts predict that my country's utilization of foreign capital may stabilize after March. They suggest that efforts should be made to achieve this year's goal of stabilizing w88 sports betting by reducing the negative list for w88 sports betting access, expanding the scope of encouraging w88 sports betting, and increasing the promotion of landmark and major w88 sports betting projects. New infrastructure, medical and health care, and online businesses may become new areas to attract w88 sports betting.
my country’s utilization of foreign capital is expected to stabilize after March
Data from the Ministry of Commerce shows that from January to February this year, my country’s actual use of w88 sports betting was 134.4 billion yuan, a year-on-year decrease of 8.6%. Among them, the actual use of foreign capital in February was 46.83 billion yuan, a year-on-year decrease of 25.6%.
Zong Changqing, director of the w88 sports betting Department of the Ministry of Commerce, said that February was affected by the impact of the COVID-19 epidemic and the Spring Festival holiday, which resulted in poor flow of people and logistics. Enterprises suspended work and production in large areas, investment activities were restricted, and investors' wait-and-see mood increased.
Cui Fan, a professor at the w88 casino of International Business and Economics at the w88 casino, believes that the COVID-19 epidemic situation in my country was severe in February, so it is understandable that the actual use of foreign investment data dropped significantly year-on-year. "Starting from March, the implementation speed of some projects already under negotiation may accelerate, and the monthly and quarterly scale of my country's actual utilization of foreign investment may become stable," Cui Fan said.
Currently, some multinational companies are accelerating their investment in China. American retail giant Costco recently announced that it will open its second store in China in Shanghai. Toyota will cooperate with FAW to invest in building an electric vehicle factory in Tianjin. Starbucks will invest US$129 million in Kunshan, Jiangsu Province to build the company's largest roasting plant outside the United States.
Although the foreign investment situation improved in March, overall, my country is under great pressure to achieve its goal of stabilizing foreign investment this year. According to statistics from the United Nations Conference on w88 and Development, global foreign direct investment (FDI) has declined for four consecutive years, with a drop of 31.5% in 2019 compared with 2015. Affected by the epidemic, global FDI is expected to decline for the fifth consecutive year this year, with a decline of approximately 5% to 15%. "The pie of global FDI is shrinking, competition for attracting investment is intensifying, and the downward pressure on the world economy is increasing. The situation in my country's use of foreign investment this year has become more complex and severe. It is very arduous to achieve the goal of stabilizing foreign investment throughout the year." Zong Changqing said.
Li Wenlong, President of the ASEAN Economic Research Institute, believes that the cash flow of some multinational companies will be affected by the epidemic, which may affect their subsequent investments in China. The epidemic may force multinational companies involved in the global supply chain to further diversify investment and production, which may have a certain impact on their investment plans in China.
"At present, the epidemic is developing rapidly in some parts of the world, and some economies are beginning to show a tendency of economic recession, which has brought uncertainty to my country's use of w88 sports betting in the future. Active actions need to be taken to stabilize w88 sports betting." Cui Fan said.
The structure of w88 sports betting continues to be optimized, new infrastructure and other fields are highly attractive
Cui Fan believes that due to China's economic development and the increase in wage levels, there is indeed a phenomenon of some existing foreign capital leaving China, but overall it is a manifestation of my country's foreign capital structural adjustment.
He believes that the w88 sports betting attracted by our country is increasingly changing from labor cost-saving to market-seeking, and some labor-intensive w88 sports betting is transferred to other areas with lower wage levels. At the same time, foreign capital hoping to profit from China's large and rapidly growing domestic market, as well as foreign capital hoping to take advantage of China's complete and efficient supply chain system, are increasingly entering China.
"Foreign capital comes in and out. Overall, the stock scale continues to grow, and the structure is constantly optimized. At the same time, our country should also continue to improve intellectual property protection standards and law enforcement levels." Cui Fan said.
Data from the Ministry of Commerce shows that in 2019, about 41,000 new foreign-invested enterprises were established in my country. By the end of 2019, the cumulative number of foreign-invested enterprises exceeded 1 million.
Regarding the adjustment direction of w88 sports betting structure and the focus of attracting w88 sports betting in the future, Li Wenlong believes that in response to the impact of the epidemic, investment in "new infrastructure" has increased, making related industries the areas with the most explosive growth potential in the next three years. For example, w88 sports betting in seven major areas including 5G infrastructure, ultra-high voltage, intercity high-speed railways and intercity rail transit, new energy vehicle charging piles, big data centers, artificial intelligence, and industrial Internet will see significant growth. At the same time, after this epidemic, there is great demand potential in the field of medical and health protection, and foreign investors are bound to be optimistic about the huge domestic market in this area. In addition, online business will also see significant sustained growth, and w88 sports betting in this field is expected to continue to increase rapidly.
As for how to stabilize w88 sports betting in the next stage, Li Wenlong suggested that we continue to actively encourage w88 sports betting in advanced manufacturing, especially in integrated circuits, artificial intelligence, finance, intellectual property and other fields. At the same time, a directory and key enterprise database of global supply chain foreign-invested enterprises in China, especially in the fields of automobiles, electromechanical and electronics, will be established to support them in aspects such as procurement, logistics, employment, taxation, capital, import and export, and ensure the stability of their production and operations in China.
Wu Hongliang, deputy director of the w88 sports betting Department of the National Development and Reform Commission, said that in the next step, we will continue to help foreign-invested enterprises solve the difficulties and blockages in resuming work and production, and achieve full production as soon as possible. At the policy level, we will also focus on reducing the negative list for w88 sports betting access, expand the scope of encouraging w88 sports betting, and increase the promotion of iconic major w88 sports betting projects.
"While fully implementing the negative list for w88 sports betting access, we will launch a new round of revision of the Catalog of Industries to Encourage w88 sports betting, focusing on promoting high-quality development of the manufacturing industry, as well as leveraging the potential of the central and western and northeastern regions to undertake industrial transfers, and further expanding the scope of encouraging w88 sports betting." Wu Hongliang said.
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