The transcript of China's foreign investment absorption in the first half of the year has been released. The latest data released by the Ministry of Commerce on July 19th shows that from January to June, there were 30014 newly established foreign-invested enterprises in China, a year-on-year increase of 11.7%; The actual amount of foreign investment used was 423.23 billion yuan. Experts say that the actual amount of foreign investment utilized in China remains at a relatively high level. According to the National Development and Reform Commission, a new batch of major foreign investment projects will be launched in a timely manner in the next stage, and measures such as studying and introducing a new version of the Catalogue of Industries to Encourage Foreign Investment will be taken to form a stronger force to attract and utilize foreign investment. With the successive introduction of a series of measures, the number of newly established foreign-funded enterprises is expected to continue to grow rapidly in the second half of the year. The attractiveness is increasing day by day. According to data from the Ministry of Commerce, in the first half of the year, the actual use of foreign investment in the manufacturing industry was 109.06 billion yuan, and the actual use of foreign investment in the service industry was 305.87 billion yuan. The actual use of foreign investment in high-tech industries was 127.87 billion yuan, among which the actual use of foreign investment in e-commerce services, chemical drug manufacturing, aerospace and equipment manufacturing, and medical instrument and equipment manufacturing increased by 127.1%, 53%, 36.2%, and 17.7% respectively. Liu Xiangdong, Deputy Director of the Research and Information Department and Researcher at the China International Economic Exchange Center, stated that in the first half of the year, China's actual utilization of foreign investment remained at a high level, especially the number of newly established foreign-funded enterprises maintained double-digit growth, reflecting the increasing attractiveness of emerging industries and service industries to foreign investment in economic transformation. At the just concluded third Chain Expo, many foreign-funded enterprises expressed their intention to continue investing in China. Panasonic Corporation's Global Vice President Tetsuhiro Honma told China Securities Journal reporters: "Panasonic firmly believes in the Chinese market and continues to actively promote investment layout in China. Since 2020, it has promoted the construction and expansion of 18 factories, and has cooperated with 2 fund companies to implement a total of 20 new investment projects. Among them, in order to seize opportunities in emerging markets such as generative AI, Panasonic has continued to increase its investment layout in 3 electronic material factories. ”Xu Feng, CEO of Rio Tinto Group in China, stated that China is committed to developing new quality productivity. These measures will continue to drive demand for mineral resources needed for energy transformation and provide opportunities for multinational companies to deepen their strategic cooperation with China. Overall, China's attractiveness to foreign investment remains significant. ”Bai Ming, a member of the Academic Degrees Committee of the Research Institute of the Ministry of Commerce, said that with the continuous improvement of China's business environment and the increasingly perfect investment legislation, it will attract more foreign investors to enter China, and it is expected that this trend will continue in the second half of the year. From the recent policy signals released, it is expected that more measures to support and encourage multinational corporations to invest in China in the long term will be launched one after another. Minister of Commerce Wang Wentao recently proposed in an article published in the Study Times that efforts will be made to increase investment attraction and stabilize capital, and multiple measures will be taken to promote the "stabilization and quality improvement" of attracting foreign investment. We will orderly expand the opening up of the capital market to the outside world, make greater efforts to attract foreign investment in entrepreneurship, improve the convenience of foreign investment in equity and venture capital in China, guide foreign investors to implement strategic investment in listed companies in an orderly and standardized manner, and attract more high-quality foreign investment to invest in China's capital market in the long term. Regarding how to better support global multinational corporations' long-term investment and continuous deepening of the Chinese market in the next step, the relevant person in charge of the National Development and Reform Commission stated on July 18th in response to a reporter's question that they will effectively play the role of a special team for major foreign investment projects, timely launch a new batch of major foreign investment projects, include more eligible reinvestment projects in the list management and tracking services, and open up a green channel to promote the accelerated implementation of projects. Based on the current key areas of focus for foreign-invested enterprises when reinvesting, we will study and introduce a new version of the Catalogue of Industries to Encourage Foreign Investment, guiding more foreign investment to advanced manufacturing, modern service industries, high-tech, energy conservation and environmental protection, as well as the central and western regions and northeastern regions, forming a stronger force to attract and utilize foreign investment. In the second half of the year, China's policy of attracting foreign investment will play a greater role, and the number of foreign-invested enterprises will continue to grow rapidly to adapt to the upgrading and changes of China's economic structure. ”Liu Xiangdong stated. (New Society)