2017年CRI Structure of foreign capital inflow to be improved

 

New data shows that China witnessed an influx¹ of more than 26,000 foreign companies between January and October in 2017 –slightly higher than the same period last year. 

The actual use of foreign capital amounts to over 678 billion yuan, marking a year-on-year increase of 1.9 percent.

Strong momentum² has been seen in the hi-tech manufacturing and service sectors³.

CRI's Guan Chao has more.

Gao Shangde, an official with the Ministry⁴ of Commerce, analyzed⁵ the pattern of foreign capital inflow in the first ten months of this year, saying that growth has been seen in industries such as telecommunications, computers, and office equipment manufacturing.

"The foreign investment attracted by the manufacturing industry keeps expanding. Between January and October, the actual use of foreign capital in the manufacturing industry increased 6.1 percent year-on-year, 4.2 percent higher than the total amount of actual use of foreign capital. Hi-tech manufacturing accounting⁶ for 22.9 percent of the growth was the main driver."

In the first half of this year, China unleashed⁷ positive signals in attracting foreign capital, including its efforts on the negative list, tax reduction, and protection of Intellectual property rights. 

According to Yang Changyong, a researcher from the Academy of Macroeconomic Research of the National Development and Reform Commission, the strong momentum was supported by the sound economic growth in the first three quarters as well as the international environment. 

"The world economy has shown good momentum this year. Recently, the IMF and other organizations raised their expectations for the world economy in the next two years. In general, enterprises tend to venture more into investment when the economy shows good signs. Otherwise, they will be cautious. The recent good economy is stimulation⁸ to investment."

As the report to the 19th CPC National Congress pointed⁹ out that China's doors will only open wider, many business insiders are also expecting more favorable policies to foreign capital.

Yang observed that the structure of the inflow foreign capital will be improved.

"The main feature is stability and improved structure. Our comparative advantage has been changing. We used to rely on low cost, cheap labor¹⁰, land, and energy to attract foreign capital. But now we have a huge market and well-educated labor force."

He added that China's business policies are also changing towards middle and high-end manufacturing, service, and agricultural sectors.

For CRI, I'm Guan Chao.

1 influx   

n.流入，注入

参考例句：

• The country simply cannot absorb this influx of refugees.这个国家实在不能接纳这么多涌入的难民。
• Textile workers favoured protection because they feared an influx of cheap cloth.纺织工人拥护贸易保护措施，因为他们担心涌入廉价纺织品。

2 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

3 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》

4 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。

5 analyzed   

v.分析( analyze的过去式和过去分词 )；分解；解释；对…进行心理分析

参考例句：

• The doctors analyzed the blood sample for anemia. 医生们分析了贫血的血样。 来自《简明英汉词典》
• The young man did not analyze the process of his captivation and enrapturement, for love to him was a mystery and could not be analyzed. 这年轻人没有分析自己蛊惑著迷的过程，因为对他来说，爱是个不可分析的迷。 来自《简明英汉词典》

6 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

7 unleashed   

v.把（感情、力量等）释放出来，发泄( unleash的过去式和过去分词 )

参考例句：

• The government's proposals unleashed a storm of protest in the press. 政府的提案引发了新闻界的抗议浪潮。
• The full force of his rage was unleashed against me. 他把所有的怒气都发泄在我身上。 来自《简明英汉词典》

8 stimulation   

n.刺激，激励，鼓舞

参考例句：

• The playgroup provides plenty of stimulation for the children.幼儿游戏组给孩子很多启发。
• You don't get any intellectual stimulation in this job.你不能从这份工作中获得任何智力启发。

9 pointed   

adj.尖的，直截了当的

参考例句：

• He gave me a very sharp pointed pencil.他给我一支削得非常尖的铅笔。
• She wished to show Mrs.John Dashwood by this pointed invitation to her brother.她想通过对达茨伍德夫人提出直截了当的邀请向她的哥哥表示出来。

10 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。