The high-level opening up of the manufacturing industry will continue to expand

In recent years, rumors about "foreign-funded enterprises withdrawing from China" have repeatedly triggered discussions on the relocation of manufacturing industries and the transfer of industrial chains. Although some foreign-funded enterprises are promoting diversification globally, overall, the pace of foreign investment in China has not slowed down.

The relocation of manufacturing industries and the transfer of industrial chains are normal economic phenomena and are the result of globalization and market mechanisms. In the context of economic globalization, in order to reduce production costs and expand market share, capital often actively adjusts the distribution of global production capacity, and it is an objective law to flow to low-cost regions. Industrial gradient transfer is also a normal phenomenon of a country's industrial development. Affected by some factors, some foreign-funded enterprises, including domestic processing-intensive industries, have appeared to seek investment and development opportunities in neighboring countries. However, overall, the current scale of manufacturing relocation is not large, which is a normal business behavior of enterprises and is in line with the objective laws of industrial development. .

With a huge domestic market, a complete industrial system, efficient infrastructure and new technology applications, China is still one of the most attractive investment hotspots in the world. For many years, manufacturing has been a key area for foreign investment. my country continues to reduce restrictions on foreign investment access, promotes the full opening up of the general manufacturing sector, and clears all manufacturing entries from the negative list of pilot free trade zones. The data also shows that my country is still the investment choice favored by foreign businessmen. In the first five months of this year, my country's actual use of foreign capital amounted to 564.2 billion yuan, a year-on-year increase of 17.3%. According to the reports of the German Chamber of Commerce in China and the American Chamber of Commerce in China, more than 70% of German-funded enterprises and over 60% of American-funded enterprises plan to increase investment in China. Many well-known multinational companies have increased their presence in China around the low-carbon field, which shows the pace of foreign investment in China. Not slowing down.

It is worth noting that the growth rate of the use of foreign capital in my country's high-tech manufacturing industry is accelerating. This shows that my country's manufacturing industry is increasingly attracting various resource elements, and foreign investment in my country's manufacturing industry shows a trend of investing more in key areas such as advanced manufacturing, high-tech, energy conservation and environmental protection. It also shows that my country's manufacturing industry is transforming and upgrading The pace picks up.

High-level opening up of the manufacturing industry is necessary to maintain the security and stability of the industrial and supply chains. Only by further opening up to the outside world and creating a market-oriented, legalized, and internationalized business environment can we make better use of both domestic and international market resources and promote the formation of a more innovative, higher value-added, safer and more controllable business environment. The industrial chain and supply chain can also contribute to China's efforts to maintain the stability and smoothness of the global industrial chain and supply chain.

The high-level opening up of the manufacturing industry will continue to expand. my country has repeatedly stated that it will uphold the concepts of openness, cooperation, unity, and win-win, and expand the high-level opening up of the manufacturing industry. On the one hand, support foreign businessmen to increase investment in China, encourage foreign capital to invest in advanced manufacturing, high-tech and other fields, and fully support the accelerated implementation of key foreign-funded projects; The equipment manufacturing cooperation project jointly maintains the stability and smoothness of the global industrial chain supply chain, promotes the establishment of manufacturing partnerships, promotes international cooperation in green development, and builds more communication platforms for open cooperation in the manufacturing industry.