FDI Inflow
Foreign direct investment (FDI) into the Chinese mainland saw steady growth in January as authorities pledged better services and a better environment for foreign-funded enterprises, official data showed on February 17.
The FDI expanded 4 percent year on year to 87.57 billion yuan ($12.5 billion) in January, according to data from the Ministry of Commerce (MOFCOM). A total of 3,485 new foreign-funded enterprises were established during the period.
Foreign investment in hi-tech industries surged 27.9 percent year on year to 31.35 billion yuan ($4.4 billion), accounting for 35.8 percent of the total FDI. Inflow to hi-tech manufacturing came in at 8.4 billion yuan ($1.2 billion), while that to hitech services surged 45.5 percent to 22.95 billion yuan ($3.2 billion), the data showed.
Investments from the Republic of Korea and Japan surged 157.1 percent and 50.2 percent, respectively, while those from countries participating in the Belt and Road increased 31.3 percent.
As China goes all out to contain the coronavirus outbreak, authorities have stressed efforts to help foreign-funded companies resume production and operation in an orderly manner.
A MOFCOM circular recently stressed support for large foreign investment projects, calling for coordinated efforts to solve difficulties and minimize the impact of the epidemic.
Localities should further optimize online administrative services and actively facilitate the introduction of foreign investment and capital through online consultations
wealth and innovation, as well as building China into a world manufacturing power.
The ACFTU helped fund 80 innovation projects for workers totaling 12.8 million yuan ($1.8 million) in 2017 and 2018, while apprenticeship programs led by the Ministry of Education cover 90,000 people each year. half of the couriers in China have returned to work based on the package collection and signing-in rates.
In Wuhan, the epicenter of the coronavirus outbreak, 400 delivery outlets have resumed operation. Previously, Cainiao and online shopping sites Taobao and Tmall had jointly set up a 1-billion-yuan ($143 million) fund to subsidize the supply chain and logistics.
According to Taobao, in the week, 4,000 factories, 500 properties on sale, 400 4S auto stores and 5,000 real estate consultants started selling through its livestreaming services.
Over 10,000 vegetable greenhouses across the country have been turned into livestreaming rooms, with farmers hosting broadcasts.
Affected by the epidemic, many agricultural products became unaccessible to consumers. E-commerce companies such as Alibaba and Jd.com launched campaigns to facilitate sales online. From February 6 to 12, 12,000 tons of fruits and vegetables were sold through Alibaba’s campaign.