Sign up
Log in
George
Commentary: China/Foreign Investment
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
1. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
2. Various of Tian'anmen Square
Beijing, China - July 2, 2019 (CCTV - No access Chinese mainland)
3. Various of Chinese Ministry of Commerce
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
4. Bundles of Chinese yuan, U.S. dollar banknotes on table
5. U.S. dollar banknotes being counted by bank clerk
6. Various of U.S. dollar, euro banknotes going through cash counting machine
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
7. Animation showing China's actual use of foreign investment in first half of 2019
8. Screenshot of CMG commentary
FILE: Zhejiang Province, east China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of workers, laptop assembly lines in factory
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
10. Animation showing Chinese high-tech industry's actual use of foreign investment in first half of 2019
11. Animation showing investment from major source countries to China in first half of 2019
FILE: Shanghai, east China - Oct 7, 2018 (CCTV - No access Chinese mainland）
12. Various of people buying fruit, vegetables at market
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
13. Animation showing statistics of global, China's FDI
Hangzhou City, Zhejiang Province, east China - April 28, 2019 (CCTV - No access Chinese mainland)
14. Site of 5G exhibition
15. Rotating 5G sign
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
16. Exhibitor introducing products
FILE: Suzhou City, Jiangsu Province, east China - May 9, 2019 (CCTV - No access Chinese mainland)
17. Various of robot imitating human gestures
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
18. Screenshot of CMG commentary
FILE: Shanghai Municipality, east China - Jan 7, 2019 (CCTV - No access Chinese mainland)
19. Ground-breaking ceremony of Tesla's Shanghai factory
20. Tesla flags
FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
21. Ford dealership
22. Ford vehicle on display in showroom
23. Ford vehicles for sale
FILE: Exact Location and Date Unknown
24. Exxon gas station
25. Exxon logo
FILE: Germany - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
26. Aerial shots of factory of BASF
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
27. Screenshot of CMG commentary
FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
28. Various of China (Shanghai) Pilot Free Trade Zone
FILE: Xiamen City, Fujian Province, east China - Jan 1, 2019 (CCTV - No access Chinese mainland)
29. Various of containers, trucks, ships at port
The rising foreign investment in the first half of 2019 shows confidence from investors in the Chinese market in a slowing global economy, said a China Media Group (CMG) commentary on Thursday, citing statistics from the country's Ministry of Commerce.
The article is as follows:
China's Ministry of Commerce revealed on Thursday that the country's actual use of foreign capital in the first half of this year rose 7.2 percent year-on-year to reach 478 billion yuan (around 70 billion U.S. dollars). The growth rate is 40 basis points higher than that recorded for the first five months and 80 basis points higher than the figure for the first four months of this year. This accelerating growth shows that foreign investors are confident in China's market despite the backdrop of slowing global growth.
According to the ministry, foreign investment in the first half of this year had two notable characteristics. First, investment was moving into the middle and upper reaches of the value chain. Foreign capital utilized in China's high-tech industry increased by 44.3 percent compared to the same time last year, accounting for 28.8 percent of the total. Investment in high-tech manufacturing grew by 13.4 percent, and investment in the high-tech service industry increased by 71.1 percent. The second notable characteristics was the steady increase in investment from major source countries, including South Korea (up 63.8 percent), Japan (up 13.1 percent), Germany (up 81.3 percent), and the European Union (up 22.5 percent).
Foreign direct investment fell 13 percent globally in 2018 but recorded a four percent growth in China. The continued growth in the first half of this year once again shows how appealing the market is to international investors and provides more evidence for the resilience of China's economy. This resilience can be seen in the decision last month by the World Bank to keep its expectations for China's growth this year unchanged, because it is capable of dealing with external challenges, while at the same time lowering its forecast for global growth.
As China goes through an economic restructure and industrial upgrade, its capacity for innovation is constantly improving. These conditions, taken together with the country's advantages in terms of the industrial supply chains it can offer, have encouraged foreign investors to deepen their position in China's market. The promises President Xi Jinping made at the G20 summit in Japan last month to speed up the country's opening-up, together with measures taken over the past couple of years to improve the country's business environment, have helped to reinforce the confidence of foreign investors.
Multinationals including Tesla, Exxon Mobil, BASF, and LG are expanding their presence in China, and it has been widely reported that Apple is planning to move production of its new Mac Pro computer, the only major product Apple assembles in the United States, to China.
The data released by the Commerce Ministry this week is an affirmation of the strength of China's economy, and it should come as no surprise. China is shifting to a model of development that is increasingly reliant on high-quality growth, and foreign investors can see that this offers huge potential to the participants in China's market.
Commentary: China/Foreign Investment
Dateline : July 2/12, 2019/file
Location : China
Duration : 4'03
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
1. Screenshot of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
2. Various of Tian'anmen Square
Beijing, China - July 2, 2019 (CCTV - No access Chinese mainland)
3. Various of Chinese Ministry of Commerce
FILE: China - Date Unknown (CCTV - No access Chinese mainland)
4. Bundles of Chinese yuan, U.S. dollar banknotes on table
5. U.S. dollar banknotes being counted by bank clerk
6. Various of U.S. dollar, euro banknotes going through cash counting machine
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
7. Animation showing China's actual use of foreign investment in first half of 2019
8. Screenshot of CMG commentary
FILE: Zhejiang Province, east China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of workers, laptop assembly lines in factory
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
10. Animation showing Chinese high-tech industry's actual use of foreign investment in first half of 2019
11. Animation showing investment from major source countries to China in first half of 2019
FILE: Shanghai, east China - Oct 7, 2018 (CCTV - No access Chinese mainland）
12. Various of people buying fruit, vegetables at market
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
13. Animation showing statistics of global, China's FDI
Hangzhou City, Zhejiang Province, east China - April 28, 2019 (CCTV - No access Chinese mainland)
14. Site of 5G exhibition
15. Rotating 5G sign
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
16. Exhibitor introducing products
FILE: Suzhou City, Jiangsu Province, east China - May 9, 2019 (CCTV - No access Chinese mainland)
17. Various of robot imitating human gestures
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
18. Screenshot of CMG commentary
FILE: Shanghai Municipality, east China - Jan 7, 2019 (CCTV - No access Chinese mainland)
19. Ground-breaking ceremony of Tesla's Shanghai factory
20. Tesla flags
FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
21. Ford dealership
22. Ford vehicle on display in showroom
23. Ford vehicles for sale
FILE: Exact Location and Date Unknown
24. Exxon gas station
25. Exxon logo
FILE: Germany - Exact Location, Date Unknown (CCTV - No access Chinese mainland)
26. Aerial shots of factory of BASF
Beijing, China - July 12, 2019 (CCTV - No access Chinese mainland)
27. Screenshot of CMG commentary
FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
28. Various of China (Shanghai) Pilot Free Trade Zone
FILE: Xiamen City, Fujian Province, east China - Jan 1, 2019 (CCTV - No access Chinese mainland)
29. Various of containers, trucks, ships at port
The rising foreign investment in the first half of 2019 shows confidence from investors in the Chinese market in a slowing global economy, said a China Media Group (CMG) commentary on Thursday, citing statistics from the country's Ministry of Commerce.
The article is as follows:
China's Ministry of Commerce revealed on Thursday that the country's actual use of foreign capital in the first half of this year rose 7.2 percent year-on-year to reach 478 billion yuan (around 70 billion U.S. dollars). The growth rate is 40 basis points higher than that recorded for the first five months and 80 basis points higher than the figure for the first four months of this year. This accelerating growth shows that foreign investors are confident in China's market despite the backdrop of slowing global growth.
According to the ministry, foreign investment in the first half of this year had two notable characteristics. First, investment was moving into the middle and upper reaches of the value chain. Foreign capital utilized in China's high-tech industry increased by 44.3 percent compared to the same time last year, accounting for 28.8 percent of the total. Investment in high-tech manufacturing grew by 13.4 percent, and investment in the high-tech service industry increased by 71.1 percent. The second notable characteristics was the steady increase in investment from major source countries, including South Korea (up 63.8 percent), Japan (up 13.1 percent), Germany (up 81.3 percent), and the European Union (up 22.5 percent).
Foreign direct investment fell 13 percent globally in 2018 but recorded a four percent growth in China. The continued growth in the first half of this year once again shows how appealing the market is to international investors and provides more evidence for the resilience of China's economy. This resilience can be seen in the decision last month by the World Bank to keep its expectations for China's growth this year unchanged, because it is capable of dealing with external challenges, while at the same time lowering its forecast for global growth.
As China goes through an economic restructure and industrial upgrade, its capacity for innovation is constantly improving. These conditions, taken together with the country's advantages in terms of the industrial supply chains it can offer, have encouraged foreign investors to deepen their position in China's market. The promises President Xi Jinping made at the G20 summit in Japan last month to speed up the country's opening-up, together with measures taken over the past couple of years to improve the country's business environment, have helped to reinforce the confidence of foreign investors.
Multinationals including Tesla, Exxon Mobil, BASF, and LG are expanding their presence in China, and it has been widely reported that Apple is planning to move production of its new Mac Pro computer, the only major product Apple assembles in the United States, to China.
The data released by the Commerce Ministry this week is an affirmation of the strength of China's economy, and it should come as no surprise. China is shifting to a model of development that is increasingly reliant on high-quality growth, and foreign investors can see that this offers huge potential to the participants in China's market.
ID : 8115784
Published : 2019-07-12 01:38
Last Modified : 2019-07-12 17:39:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
More
