The Ministry of Commerce says FDI is difficult to recover from short-term growth

Greater uncertainty in internal and external environment; Further decentralization of approval authority (reporter Hu Hongwei) The international financial crisis has led to a 7-month negative growth in foreign direct investment (FDI).　　The Commerce Ministry said yesterday it would be difficult to achieve recovery growth in the short term. In the first quarter, FDI fell by a narrow monthly narrowing. In April, FDI fell back to 22.5%.　　The Ministry of Commerce said that the internal and external environment of greater uncertainty is the main reason for the difficult recovery growth. According to the latest United Nations UNCTAD data, global FDI flows were 1.66 trillion US dollars in 2008, down 15% from 2007, while global FDI in 2009 fell further by 30% to 40%. At the same time, many countries have introduced preferential conditions to "draw capital", multinational companies themselves are seeking funds to return to the country.　　The Department of Foreign Investment Management of the Ministry of Commerce said that it would comprehensively clean up and standardize administrative fees and inspection matters involving foreign investment, reduce "arbitrary charges" and repeat inspections to reduce the burden on enterprises.　　In addition, the Ministry of Commerce will further decentralize the approval authority of foreign investment, and vigorously promote the easy online approval, improve the joint annual inspection system for foreign investment enterprises. Yesterday, Hefei foreign economic and Trade Economic Cooperation Bureau Director Wu Jing said, after the financial crisis, Hefei use foreign capital situation and the whole country is consistent, basic and last year flat. He said the poor situation in attracting foreign investment was mainly reflected in the slow progress of some new projects, which delayed the pace of decision-making.　　In 2007, Unilever, one of the world's largest manufacturers of consumer goods, basically completed the transfer of its production base from Shanghai to Hefei to reduce costs. Wu Jing said that there is confidence in attracting foreign investment in the long run, because industry transfer has been in progress, and it is very promising to get investments under this trend.