The Ministry of Commerce responded to the report that Nitto Electric Company of Japan withdrew from Suzhou.

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  Cctv newsOn January 11th, the Ministry of Commerce held a regular press conference, and the spokesperson released the recent key work in the business field and answered media questions on the spot.

  Reporter: We saw a big event in Suzhou at the beginning of the year. The Japanese giant Nitto Denko withdrew from Suzhou, and even from China, which aroused the workers’ emotions. We saw that some analysts said that Japanese capital may be speeding up its withdrawal and transfer after some evacuation waves such as American capital and Taiwan capital. Will the Ministry of Commerce take corresponding measures? Everyone is also concerned about whether an old industrial city like Suzhou will be "hollowed out" because of the massive withdrawal of these foreign capitals.

  Ministry of Commerce spokesperson peak:According to our understanding, the enterprise you mentioned is going to adjust its production structure in Suzhou in the near future due to its own operating losses, and one production line will be relocated, but the company itself will continue to exist in Suzhou.

  We believe that China’s utilization of foreign capital should not be blinded by one leaf. In 2017, China’s overall utilization of foreign capital achieved a steady and positive trend, and the investment environment continued to improve. In the first 11 months, in terms of RMB, the actual utilization of foreign capital in China increased by 5.4% year-on-year, and the number of newly established entrepreneurs increased by 26.5%. Among them, Japan’s actual foreign investment in China increased by 7.4%, and the contracted foreign investment increased by 91.5%. Although the amount of American investment in China you mentioned has declined, the number of newly established enterprises has increased by 13.9% year-on-year. Taiwan Province’s investment in mainland China increased by 47.2% and the number of newly established enterprises increased by 4.2%. It can be seen that most foreign-funded enterprises are still optimistic about China’s investment environment and market potential, and their investment confidence continues to increase.

  At present, China’s economy is changing from a high-speed growth stage to a high-quality development stage, and the structure of utilizing foreign capital is also being adjusted and upgraded. Enterprises with high-end equipment manufacturing, strong innovation ability, and high-quality products and services will become the key directions of utilizing foreign capital in China in the future.

  I don’t think it is necessary to worry about the "hollowing out" of industrial cities. To be precise, it should be upgrading and upgrading. Take Suzhou Industrial Park as an example. In 2017, Suzhou Industrial Park accumulated 244 newly approved projects and 157 capital increase projects, of which about 90% were high-tech manufacturing and high-tech service industries.

  In accordance with the requirements of high-quality development and adhering to the new development concept, we will continue to promote the improvement of China’s utilization of foreign capital. On the one hand, in the industrial chain, efforts should be made to achieve a relatively complete industrial system, networked and intelligent production organization, and constantly improve the productivity of all factors; On the other hand, in the investment environment, we will continue to deepen reform, reduce restrictions on market access and improve the level of investment facilitation.

  In a word, we will make great efforts to promote the effective growth of China’s utilization of foreign capital in the substantial improvement of quality.