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Ministry of Commerce: At present, there is no evacuation of foreign capital and relocation of industrial chain supply chain in China

Jun 05, 2020

Gao Feng, a spokesman for the Ministry of Commerce, said that the international industrial chain supply chain was formed by the long-term choice of enterprises in the process of economic globalization, reflecting the advantages, division of labor and cooperation of the global economies. At present, China has not experienced the withdrawal of foreign capital and the relocation of industrial chain supply chains. On the contrary, we have noticed that due to China's stable business environment, strong comprehensive competitive advantage, ultra-large-scale market advantage and domestic demand potential, many multinational companies are considering expanding their industrial chain in China. We will unswervingly open wider to the outside world, continue to relax restrictions on foreign investment, expand the scope of encouraging foreign investment, promote the upgrading of the domestic industrial chain supply chain, and actively build a new development pattern of mutual promotion of domestic and international double cycles.