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China: MOFCOM says foreign investment not leaving country

0 18.11.2019 Инфо

W/S Press conference beginning, Beijing
W/S Journalists *CUTAWAY*
SOT, Zong Changqing, MOFCOM Foreign Investment Department Director (Mandarin): "Foreign investment in actual use has maintained a steady growth on the whole this year. From January to October, China set up 33,407 new foreign-invested enterprises, with actual foreign investment of 752.41 billion RMB, up 6.6 percent year-on-year."
W/S Journalist asking question *CUTAWAY*
M/S Journalists *CUTAWAY*
SOT, Ye Wei, MOFCOM Foreign Investment Department Deputy Director (Mandarin): "In the context of sluggish global economic growth, such achievements should be hard-won. At present, China still faces many challenges in utilising foreign investment, including the prospect of global economic development that is not optimistic, the global investment pattern that is undergoing profound adjustments, and the domestic business environment that needs to be further optimised."
W/S Press conference *CUTAWAY*
SOT, Zong Changqing, MOFCOM Foreign Investment Department Director (Mandarin): "Indeed, in a few areas along the eastern seaboard, some foreign-invested enterprises with export orientation and low added value have transferred some of their production to the outside of China. We believe this is the result of the normal functioning of market mechanisms and market rules. It is the normal business operations. Generally speaking, there is no large-scale withdrawal of foreign investment in China."
M/S Journalist asking question *CUTAWAY*
M/S Journalists *CUTAWAY*
SOT, Zong Changqing, MOFCOM Foreign Investment Department Director (Mandarin): "The CPC Central Committee and the State Council attach great importance to the utilisation of foreign capital. President Xi Jinping has delivered important speeches on many occasions, stressing that China will further expand market access for foreign investment and form a new pattern of comprehensive opening up. Premier Li Keqiang has repeatedly said China will take a series of measures to attract more foreign investment."
M/S Journalists *CUTAWAY*
W/S Press conference ending
SCRIPT
China's Ministry of Commerce said "there is no large-scale withdrawal of foreign investment" in the country during a press conference on Monday, while commenting on the nation's new foreign investment policy.
"From January to October, China set up 33,407 new foreign-invested enterprises, with actual foreign investment of 752.41 RMB (€96.97/$107.23) billion, up 6.6 percent year-on-year," said MOFCOM Foreign Investment Department Director Zong Changqing. "Generally speaking, there is no large-scale withdrawal of foreign investment in China."
Washington and Beijing are at a stalemate despite US President Donald Trump's announcement in October of the suspension of a tariff hike on $250 billion (€227 billion) worth of Chinese products, in the first phase of a trade deal with China.