(Hong Junjie) Is it common for w88 casino-funded enterprises to withdraw? Do you believe it
(Source: China Net Finance "China Report" 2020-04-20)
In the context of the COVID-19 epidemic, the economies and societies of all countries around the world have suffered a considerable impact. Recently, remarks about w88 casino-funded enterprises withdrawing from China have triggered extensive and in-depth discussions from all walks of life. "It needs to be emphasized that the Chinese government unswervingly supports economic globalization and promotes mutually beneficial and win-win open development." National Development and Reform Commission spokesperson Yuan Da said at the National Development and Reform Commission's regular press conference held today (April 20). Yuan Da pointed out that as China quickly controls the epidemic and fully promotes the resumption of work and production, the fundamentals of w88 casino investment are generally stable. The production and operation of w88 casino-invested enterprises in China are gradually returning to normal, order completion continues to improve, the confidence of w88 casino investors is gradually increasing, and a number of new w88 casino-invested projects are about to be launched, which fully demonstrates the stability and tenacity of China's investment environment.
Is "large-scale withdrawal of w88 casino capital" true?
△ On April 15, drone aerial photography of Qinzhou Port in Guangxi.
According to reports from Reuters and Bloomberg, on April 9, local time, White House National Economic Council Director Larry Kudlow mentioned that one policy that may attract American companies to return from China is to directly expense 100% of the reshoring expenditure. According to his explanation, "it is equivalent to us paying for the cost of American companies moving back to the United States from China."
Before the United States, Japan’s Ministry of Industry and Economy also launched an anti-epidemic economic rescue plan totaling 108 trillion yen (approximately RMB 7 trillion) on April 7. The planned "Reform Supply Chain" project claims that it will spend approximately 15.8 billion yuan to support Japanese companies in transferring production lines from China back to Japan or to other countries in order to diversify their production bases.
As soon as the news came out, many people were worried about whether w88 casino capital would return on a large scale. In fact, this worry is not unreasonable.
Pang Chaoran, associate researcher at the Research Institute of the Ministry of Commerce, said in an interview with a reporter from China Report that one of the changes brought about by the epidemic is that many countries are more vigilant about the security issues of their own supply chains and industrial chains. "w88 casino-funded enterprises will consider diversifying their production layout to prevent border blockades due to epidemic prevention and control, which will in turn cause problems such as restricted cross-border transportation of raw and auxiliary materials and intermediate products."
"In 2019, the total import and export volume of foreign-funded enterprises was 12.57 trillion yuan, accounting for about 40% of my country's total foreign w88 value. Some foreign-funded enterprises also have great influence in the fields of semiconductor production and electronic consumer product processing, occupying an important position in my country's industrial chain." Pang Chaoran analyzed that as an important force in promoting my country's economic development, the adverse effects of foreign investment withdrawal are also obvious.
Is the large-scale withdrawal of w88 casino capital credible? Zong Changqing, director of the w88 casino Investment Department of the Ministry of Commerce, said that China's important position in the global supply chain and industrial chain will not change due to the impact of the epidemic, and there is currently no large-scale transfer of supply chains and industrial chains abroad due to the impact of the epidemic.
Many interviewed experts expressed the same view when being interviewed by reporters from China Report. "It is a normal economic activity for companies to adjust their production layout. Evacuation is not a decision that can be made 'on a hot flash of the forehead.'" Experts pointed out that when w88 casino businessmen choose to invest in a country, they often comprehensively consider multiple factors such as resources, market, efficiency, and policies. The epidemic ignores these factors and chooses to evacuate on a large scale, which is neither in line with the overall strategy of the company nor against the laws of economic development.
"Once the company evacuates, it will face high transfer costs, and it will only be considered when the motivation is very strong."Hong Junjie, Dean of the w88 casino of International Economics and w88, w88 casinotold a reporter from China Report that it is not easy for an enterprise to transfer a business network that has been formed for a long time in a country. "Even if the government funds to cover the transfer costs, the government cannot cover the problems that arise after the transfer, such as low market demand and high production costs."
"Vote with your feet"
Ministry of Commerce spokesperson Gao Feng introduced on April 16 that according to monitoring, the current resumption rate of w88 casino-funded enterprises in China has been steadily increasing. A survey of more than 8,700 key w88 casino-invested enterprises across the country showed that as of April 14, 72.8% of enterprises had a resumption rate of more than 70%. According to relevant surveys, 98% of Japanese-funded enterprises in South China have resumed production, 41.4% have an operating rate of 100%, and 42.3% have an operating rate of 80% to 100%.
"The current global industrial chain and supply chain pattern is the result of years of joint efforts and choices by companies from all over the world. It is the result of comprehensive factors such as factor costs, industrial supporting facilities, and infrastructure in each economy. It is not formed overnight, and cannot be changed at will by any person or country." Gao Feng emphasized.
△ In the first quarter, actual w88 casino investment in Shanghai increased by 4.5% year-on-year, with 15 new regional headquarters and R&D centers of w88 casino-funded multinational companies.
w88 casino governments have invested in calling on companies to return, but companies continue to "vote with their feet." A new round of investment plans by some w88 casino-funded companies is being carried out in an orderly manner. American retail giant Costco officially settled in the Suzhou High-tech Zone on April 9, planning to build a large membership-based warehouse supermarket with a construction area of more than 50,000 square meters; the "Design Tender Announcement" released by the Sino-Singapore Tianjin Eco-City Management Committee on January 20 showed that Toyota will cooperate with FAW to invest in the construction of an electric vehicle factory in Tianjin; Starbucks will invest US$129 million to build a green and environmentally friendly coffee roasting factory in Kunshan, Jiangsu...
“From an economic point of view, it is a pragmatic need for enterprises to optimize the allocation of resources around the world. However, in the current complex international context, more and more non-economic factors are involved in corporate operations.” Hong Junjie analyzed to the reporter of "China Report" that under the background of the epidemic, not only my country but also global cross-border investment will shrink, but China will still be a hot spot for w88 casino investment.
Cultivation both internally and externally, focusing on the inside
On the one hand, this attraction comes from China’s unshakable position in the “global market”, and on the other hand, it comes from China’s increasingly better business environment with policy support.
At present, my country has become the only country in the world that has all industrial categories in the United Nations Industrial Classification. Among the world's more than 500 major industrial products, China has more than 220 industrial products, ranking first in the world in terms of output. It is the "world factory" and the "world market". In addition to producing products in China and exporting them, companies investing in China can also supply locally to the huge Chinese domestic market.
"If the Chinese market is lost, some companies will be in trouble. For example, one of the characteristics of high-tech companies in the United States is high R&D costs, and they often need a huge market to absorb R&D costs." Hong Junjie said that the same is true for Japanese companies. "Japan is highly dependent on China for w88. Most of the products go to the Chinese market. If Japanese capital leaves China and turns to other countries, it will be difficult to take into account multiple factors such as market demand, resource matching and labor quality. "Current research shows that no country can undertake so many industrial activities in our country, and no country has reached the market size of our country."
△ The construction of major projects in Changsha, Hunan is gradually recovering. The picture shows workers working at the construction site of the main factory building of Changsha Huike's 8.6th generation ultra-high-definition new display device production line project in Liuyang City on April 17 (drone photo).
In recent years, the central and local levels have successively launched policy bonuses to create conditions for w88 casino investment in China. One of the major documents is the "w88 casino Investment Law" that came into effect on January 1 this year. Before the promulgation of the "w88 casino Investment Law", data from the Ministry of Commerce showed that my country's actual utilization of w88 casino capital in 2019 was 941.5 billion yuan, an increase of 5.8%, and more than 40,000 new w88 casino-invested enterprises were established, continuing to maintain its status as the second largest w88 casino investment inflow country. The implementation of the "w88 casino Investment Law" will continue to play a role in promoting my country's future absorption of w88 casino investment.
In the context of the epidemic, in order to stabilize w88 casino investment, policy levels are still making continuous efforts. For example, the Ministry of Commerce issued the "Notice on Further Reform and Opening Up in Response to the Epidemic and Stabilizing w88 casino Investment" on April 1, which proposed 24 specific measures and work requirements from 5 aspects. "With the global epidemic prevention and control being tight, we took the lead in stabilizing the situation and providing w88 casino companies with a good environment for resuming work and production. This is difficult for other countries in the world to achieve."Hong JunJie said frankly.
"The most important thing now is to do our own thing well, and reform and opening up is still our magic weapon." Hong Junjie pointed out that the focus of the current task is to continue to expand opening up, work both internally and externally, focus on domestically, break up market blockages, implement the "w88 casino Investment Law" and the "Regulations on the Implementation of the w88 casino Investment Law", and continue to improve the business environment.
Yuan Da said at the press conference that in the next step, the National Development and Reform Commission will work with relevant departments to focus on accelerating the resumption of work and production, accelerating the resumption of production and reaching capacity, and deepening international cooperation.
He pointed out that in the medium to long term, the epidemic may have a certain impact on the adjustment of the international industrial chain, but the general trend will not change, and my country's institutional advantages and complete industrial system advantages will be further highlighted. "No matter how the external environment changes, we will continue to deepen reform and opening up, actively create new growth points for international cooperation in the fields of health care, intelligent manufacturing, etc., and promote the stability and development of the global industrial and supply chains."
Attached original text link:
http://m.gxfin.com/article/finance/default/default/2020-04-20/5254323.html
