China absorbs foreign capital for about 420 billion dollars in 5 years

Xinhua Beijing, November 8 (reporter Cui Peng) reporter learned today from the Ministry of Commerce: "Eleven-Five" period, China's cumulative absorption of foreign direct investment is expected to reach 420 billion U.S. dollars, for the "XV" period of about 1.5 times times; The global ranking is up to second in the fourth place of the "XV" term, and ranked first in the developing countries for 18 consecutive years.　　Surveys by relevant international organizations and professional bodies have also shown that China has been one of the world's most attractive investment hosts. Foreign-funded enterprises to create industrial production value has reached about 28% "Eleven-Five" period, foreign investment to promote economic and social development of the overall function to get better play. With its high quality assets and high efficiency of production and operation, foreign-invested enterprises have become the important creators of our social wealth and one of the important channels of employment, and its industrial production value, tax revenue and export volume reached 28%, 22% and 55% of the whole country, which directly absorb employment of about 45 million people. As a dynamic market subject, foreign-funded enterprises have effectively promoted market competition and market system, and the spillover effect of technology and management mode has greatly improved the development level of related industries.　　The advanced ideas and international rules brought by foreign capital have greatly promoted the process of economic system reform and changed the face of Chinese society profoundly. To undertake the remarkable industrial structure of international high-end industrial transfer, one or three of industries absorb foreign capital as the proportion of total foreign capital from the end of the "XV" to the current 48%, especially in the field of modern agriculture, business services and livelihood services.　　In the manufacturing field, electronic information, integrated circuits, household appliances, automobile manufacturing and other technology capital-intensive industries continue to develop, new energy, materials, biomedicine, energy saving and environmental protection industries such as the growing scale of foreign investment. At the same time, the core competitiveness of related industries has also improved markedly. At present, multinational companies in China to set up a research and development center has more than 1400, more than the end of the "XV" growth nearly one times.　　In the Research and development center of Foreign capital, nearly 50% of the research in the pilot technology has surpassed the proportion of the market commissioning Research (40%), and more than 60% of the research and development centers use the global market as its main service target.　　During this period, China also seized the opportunity of international service industry transfer, concentrated on the development of new service outsourcing, and so on, now I have become the second international offshore service outsourcing destination market, which lays a good foundation for further optimization and upgrading of industrial structure in the next stage.　　The Midwest's absorption of foreign investment rose to 14% "Eleven-Five", foreign capital in China's regional layout has improved, the Midwest absorbing foreign capital accounted for the proportion of the national total, from 11% to about 14%, not only promoted the regional economic development, to me along the edge, along the river Open strategy to promote also played an important role. In this process, a number of new regional open platforms in the Midwest rise. The strength and overall function of all kinds of industrial agglomeration parks with foreign economy as the main body have been improved markedly, and 22 provinces and regions of the Midwest have successfully upgraded to national economic technology during the Eleven-Five-year period.The development zone of the West China region has reached 43 national economic and technological development zones.　　The central Trade and Investment Exposition, which fills the gap of regional investment promotion platform in the central region, attracts nearly 30,000 foreign merchants in the 5 years, and introduces 42.6 billion U.S. dollars into the contract. Interregional investment cooperation has also achieved outstanding results during this period. Through counterpart support, cooperation in development zones, establishment of "Industrial Transfer Promotion Center" and other forms, the regional cooperation mechanism is becoming more and more perfect, which not only promotes the industrial gradient transfer, but also facilitates the output of the Eastern Region management mode, and improves the level of foreign capital work in the Midwest. At present, the central and western regions not only undertake the east labor-intensive industrial transfer has made significant progress, electronics, automobile, aerospace, pharmaceutical manufacturing, modern agriculture and other high-end industries and services outsourcing and other emerging industries have begun to take shape, in some areas and even began to achieve synchronous development with the eastern region.