2017年CRI China remains top destination of foreign capital for 25 years

China remains¹ top destination of foreign capital for 25 years

The Chinese authorities say the country is attracting the most foreign investment among developing countries as it eases access for foreign capital.

It's also reported that a growing number of Chinese enterprises are going out as China deepens reform and promotes overseas trade and economic cooperation.

CRI's Guan Chao has more.

Official data shows that China's actual use of foreign direct investment amounted to over 489-billion US dollars between 2013 and 2016.

That marked an annual growth of 3-percent.

Speaking at a news conference, a spokesperson from the Ministry² of Commerce, Gao Feng, said that foreign capital inflow has been climbing steadily³ in China.

"As global transnational direct investment dropped 2-percent, China's actual use of foreign investment reached over 864-billion yuan, a year-on-year growth of 3-percent. Between 2013 and 2016, the number of China's newly-added foreign entities⁴ accumulated to over 100-thousand. China attracted over 521-billion US dollars of foreign capital in the same period ranking the top among developing countries for 25 years."

The spokesperson added that foreign investment in China has seen improvement, both in quantity and quality, with growing foreign capital flowing into hi-tech industry.

Data suggests the hi-tech sector⁵ attracted 2-percent of the total foreign investment in 2016, while the number of R&D centers of multinational⁶ companies also exceeded 2400.

"In 2016, the fixed⁷ asset investment of foreign entities grew at a rate higher than the 7.5-percent of national average. Foreign entities also accounted for about 44-percent of the countries' exports and contributed to 18-percent of tax revenue. The foreign entities, less than 3-percent of China's total companies, also created almost half of trade revenue and one fifth of fiscal⁸ revenue."

Meanwhile, Chinese investments overseas are also improving in amount and quality, as China increases services and provides guarantee to innovation and overseas cooperation.

As Gao Feng said, China's investment overseas ranked second in the world in 2015 and 2016; by the end of last year, China's investment overseas totaled 5-trillion US dollars.

"From 2012 to 2016, China's contracted engineering projects overseas achieved a total turnover⁹ of 710-billion US dollars, marking an annual average growth of 9-percent. China has become a major engineering contractor¹⁰ in the world."

It is said Chinese enterprises from sectors¹¹ including steel, cement, and automobiles¹² are accelerating pace in building manufacturing bases overseas, spreading Chinese equipment, standards, and services to the world.

The Ministry of Commerce said they also have plans to further expand the effort to other sectors.

For CRI, I'm Guan Chao.

1 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

2 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

3 steadily   

adv.稳定地；不变地；持续地

参考例句：

• The scope of man's use of natural resources will steadily grow.人类利用自然资源的广度将日益扩大。
• Our educational reform was steadily led onto the correct path.我们的教学改革慢慢上轨道了。

4 entities   

实体对像； 实体，独立存在体，实际存在物( entity的名词复数 )

参考例句：

• Our newspaper and our printing business form separate corporate entities. 我们的报纸和印刷业形成相对独立的企业实体。
• The North American continent is made up of three great structural entities. 北美大陆是由三个构造单元组成的。

5 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

6 multinational   

adj.多国的，多种国籍的；n.多国籍公司，跨国公司

参考例句：

• The firm was taken over by a multinational consulting firm.这家公司被一个跨国咨询公司收购。
• He analyzed the relationship between multinational corporations and under-developed countries.他分析了跨国公司和不发达国家之间的关系。

7 fixed   

adj.固定的，不变的，准备好的；(计算机)固定的

参考例句：

• Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
• Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。

8 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

9 turnover   

n.人员流动率，人事变动率；营业额，成交量

参考例句：

• The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
• Our turnover actually increased last year.去年我们的营业额竟然增加了。

10 contractor   

n.订约人，承包人，收缩肌

参考例句：

• The Tokyo contractor was asked to kick $ 6000 back as commission.那个东京的承包商被要求退还6000美元作为佣金。
• The style of house the contractor builds depends partly on the lay of the land.承包商所建房屋的式样，有几分要看地势而定。

11 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

12 automobiles   

n.汽车( automobile的名词复数 )

参考例句：

• When automobiles become popular,the use of the horse and buggy passed away. 汽车普及后，就不再使用马和马车了。 来自《简明英汉词典》
• Automobiles speed in an endless stream along the boulevard. 宽阔的林荫道上，汽车川流不息。 来自《现代汉英综合大词典》