China's absorption of foreign investment has declined for 8 consecutive months

The Ministry of Commerce 15th released data shows that January-May China's absorption of real foreign direct investment (FDI) 34.05 billion U.S. dollars, down 20.4% year-on-year. The national new batch set up 7,890 foreign investment enterprises, down 33.8%.　　In May, the actual foreign direct investment was absorbed by 6.379 billion U.S. dollars, falling 17.8% and falling for eight consecutive months.　　Ministry of Commerce spokesman Yao Jian said at a regular news conference that the Ministry of Commerce is actively working with relevant departments to formulate policy measures to stabilize foreign investment, and put the work focus on stabilizing scale, promoting employment and adjusting structure. FDI has fallen for 8 consecutive months, with FDI falling for 8 consecutive months, something that has never happened since the 1997 financial crisis.　　Yao said that this is the first time since 1998, China's new foreign-funded enterprises, contracted foreign investment and actual use of foreign investment has continued to decline, and since this year the decline in indicators has continued to expand the trend.　　Statistics show that the central and western regions to absorb real foreign direct investment has declined significantly, of which the middle region fell 35.7% in January-May, the western region fell 30.29% in January-May, all greatly exceeded the overall decline.　　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%. Yao pointed out that the ongoing decline in China's absorption of foreign investment is consistent with the global trend.　　According to the report of the global economic crisis on the business environment, published by the British Economist Information Department, China has ranked the world's top market opportunity in 2009-2013 years, and China will remain the preferred destination for global FDI as China's economy develops and its policies are in place. According to another introduction, January-May, China's foreign contracted engineering business completed turnover of 24.78 billion U.S. dollars, an increase of 48.2%, the new contract amounted to 53.46 billion U.S. dollars, an increase of 43.7%.　　The new contract amounts to more than 50 million U.S. dollars of 177 items, accounting for the total new contract 81%. Actively study the measures to stabilize foreign investment in the face of severe foreign investment situation, Yao said that the Ministry of Commerce is actively working with relevant departments to formulate policies and measures to stabilize foreign investment, to put the work focus on stabilizing the scale, promoting employment and restructuring, the Ministry of Commerce will further adjust its policies to enhance investor confidence, stabilize and expand the absorption of foreign investment,　　Focus on supporting structural adjustment, expanding employment, regional development and energy saving and environmental protection and other aspects of foreign investment. "The next step is to introduce policy related departments are coordinating, including the NDRC, Ministry of Finance, Science and Technology, Ministry of Commerce and other departments." Yao said that the future policy will mainly include the following aspects, one is to further promote the upgrading of industrial structure, the High-tech industry to absorb foreign investment to provide support policies; second, further improve the regional policy. This year, the central and western absorption of foreign investment fell more than 30%, more than the national level of absorption of foreign investment, in order to support the western development, the central rise, the need for foreign policy in the regional policy adjustment;Third, further decentralization of approval authority, further provide investment and trade facilitation, to provide enterprises with better resources and services. will increase the export tax rebate scale of 24 billion yuan Yao also said that in May, the decline of China's exports further expanded, mainly because of the financial crisis caused by the impact of external demand, major economies import shrinkage. In the first quarter, imports of the United States, the European Union, Japan and other developed economies fell 29.9%, 30.8% and 29% respectively.　　Some economic indicators for some of the world's major economies have improved recently, but the global economic recovery will take time. He said that in the recently issued by the State Council to further stabilize the foreign demand series of policy measures, the core of export credit insurance policy has three: first, the 2009 short-term export credit insurance underwriting scale from the previous year's 43.2 billion U.S. dollars to 84 billion U.S. dollars, so that the export credit insurance coverage from the current 6.5% increase to 15%　　Second, to further reduce the premium rate, the proposed reduction of about 30%; third, the financial institutions are encouraged to support the financing of export enterprises in a variety of ways, such as policy loans and export order mortgages.　　In addition, in order to support the strength of domestic enterprises to participate in foreign electricity, transportation, communications and other infrastructure construction, the Ministry of Commerce, the Ministry of Finance and other relevant units are also in the implementation of large-scale equipment export financing of special funds arrangements. Since June 1, the Ministry of Commerce has further improved the export rebate rate for some products, mainly related to products with competitive advantages, labor-intensive products and High-tech products, Yao said.　　In the next few months of this year, the central government may increase the size of the tax rebate by 24 billion yuan, of which 38% will be used for high value-added mechanical and electrical products. According to Yao Jian, as of the end of May, China's home appliances to the countryside products have accumulated sales of 9.87 million units, sales amounted to 15.3 billion yuan.