On the afternoon of April 16, the Ministry of Commerce released a number of key survey data, proving that China is still a hot spot for foreign investment and business. Foreign investors continue to be optimistic about China, and their confidence and determination for long-term business development in China have not changed.
At the press conference of the Ministry of Commerce on the same day, a reporter mentioned that there were media reports recently that the details of the Japanese economic stimulus plan were announced and funds were allocated to support the withdrawal of Japanese companies from China. In addition, there are media reports. On April 10th local time, the US White House chief economic adviser Kudlow said in an interview that the US hopes that as many US companies will return as possible. The US government will pay for the US companies to move back from China.
A spokesman for the Ministry of Commerce Gao Feng said in response, the data shows that so far, 98% of Japanese companies in South China have resumed production, companies with an operating rate of 100% account for 41.4%, and companies with an operating rate of 80% to 100% account for 42.3 %. Japanese companies in other regions have also made positive progress in resuming work. Productivity in China first recovered, which strongly supported the operation and stable development of Japanese companies, and many Japanese companies have expressed confidence in the Chinese market and the willingness to further invest in China.
In addition, the Southern China American Chamber of Commerce epidemic impact report shows that 75% of the interviewed US-funded companies said that no matter what the impact of the epidemic, they will not change their reinvestment plans in China. According to the 2020 China Business Environment Survey Report of the American Chamber of Commerce in China, although US companies in China currently face some problems such as the New Coronary Pneumonia epidemic, in the long run, China will remain the key market for most U.S.-funded companies.
Gao Feng said at a press conference that the rate of resumption of work by foreign-funded enterprises in China has steadily increased. A survey of more than 8,700 key foreign-funded enterprises across the country showed that as of April 14, 72.8% of companies had a recovery rate of more than 70%, an increase of 0.9 percentage points from last week. Gao Feng believes that, on the whole, although the epidemic has a certain impact on foreign-funded enterprises in China, China has not and will not experience a large-scale withdrawal of foreign capital.
Gao Feng emphasized that economic development has its inherent laws. The current global industry chain supply chain pattern is the result of joint efforts and joint choices made by companies from all countries over the years. It is the result of comprehensive factors such as factor cost, industrial support, and infrastructure of various economies. It is not formed overnight, nor can anyone or any country change at will. The global supply chain can achieve efficiency and safety only in an open and cooperative environment.
