The Chinese EU Chamber of Commerce issued a report on Wednesday (September 21) stating that China's attractiveness as an investment destination is being eroded.One of the investigations of European companies considers the existing or planned investment out of China, the highest in the past 10 years.
This is a report issued in May of the chamber of commerce stating that strict prevention and control measures have caused 23%of the interviewed companies to consider transferring investment in China, and they have warned the impact of the epidemic prevention and control on the effect of the business environment again.Essence
Just a month ago, a survey report released by the National Committee of the US -China Trade (USCBS) showed that the optimistic emotions of the Chinese -American enterprises' prospects for China's business environment fell to a record low.96%of the US companies interviewed in China were negatively affected by epidemic prevention and control measures. More than half of the US companies suspended, postponed or canceled their investment plans in China due to epidemic prevention and control measures.
Jane Fraser, CEO of the American Citi Group, also said on Wednesday that if mainland China attacks Taiwan, the bank may greatly reduce the existence of business in mainland China.
The uncertain factors for the prevention and control of the epidemic prevention and control have caused the volume of "foreign capital to withdraw from China" to increase again in the near future.
EU Chamber of Commerce Report
The latest OU Chamber of Commerce Report collected the opinions of 1,800 members, pointing out that China's clearing policy brought "huge uncertainty".The operation of 75%of members caused a "negative impact."After the EU Chamber of Commerce hopes that after the 20th National Congress of the Communist Party of China held on October 16, the Chinese government can relax restrictions.
The EU Chamber of Commerce predicts that since the outbreak, the total number of European citizens living in China has decreased by half.By the end of 2022, this number may be halved.
Not only the epidemic, this report also mentioned the predictability, reliability and efficiency of the Chinese market.For addition
On the other hand, the report believes that China's efficiency is also declining.The structural advantage of "demographic dividend" that China has always enjoyed is rapidly fading.
In addition, the European public and the government's views on China have also changed. The situation of the Taiwan Strait, the sanctions of Xinjiang products in the Taiwan Strait, and China's economic policy have exacerbated the decline in China -Europe relations.The report believes that European companies will not be completely decoupled with China, but these companies have more and more discussing alternative supply chain strategies.
The "foreign capital evacuation" sounds one after another.
In a report in May in May, the EU Chamber of Commerce made a similar point of view.In an exclusive interview with VOA at the time, the chairman of the Chamber of Commerce expressed his frustration and disappointment of a large -scale sealed city under China's "clearing policy".
Wordke said at the time that if China ’s practice of blocking the city does not change, the supply chain will gradually move away from China, because compared with high costs, it will be more difficult for enterprises to bear the closure of the city office.The uncertainty brings.
Although there are Chinese government officials aware of the damage caused by the Qing zero to the Chinese economy, he does not hope for the relaxation of the "clearing policy" in China during the year, even after the 20th National Congress of the Communist Party of China.
This pessimistic emotion can also be seen in an investigation report released by the National Committee of the US -China Trade (USCBS) on August 29.The survey shows that 51%of the interviewed companies are optimistic about China's business prospects in the next five years, far lower than 69%last year.
International Financial Association (IIF) issued a report on April 5th that it was driven by investors to sell Chinese assets and the increasing concern to recent geopolitical incidents.Fund outflow.
The International Financial Association believes that China ’s $ 11.2 billion (S $ 15.9 billion) bonds and $ 6.3 billion in stock funds outflow are an" unprecedented situation, suggesting that the market transitions to "far from this world.Assets of the two major economies.This is also the first time in China's stock market since September 2020.
"Foreign capital evacuation" is not only staying on the paper surface, as Witter said, affected by the uncertain factors such as the epidemic, this year's supply chain of some multinational companies has indeed moved out of China, especiallyAfter Shanghai in April this year, it was caught in an unprecedented long -term city closure.
For example, onSemi, a big global car chip manufacturer, announced that it was closed in Shanghai in April this year and moved to Singapore.
According to Taiwan media reports last month, Apple decided to transfer some of the iPhone 14 production lines to India, and the Apple Watch production line will also be transferred to Vietnam.
Before that, Japan Toshiba and Samsung, South Korea closed several factories in China last year and transferred the production line to Vietnam.
"Foreign capital evacuation" is not true?
In the face of the "foreign capital evacuation" theory of "foreign capital evacuation" in the market, and the discussion of the market's discussions on the relocation of the manufacturing industry and the transfer of industrial chain, the Chinese official responded several times.
Yao Yao, deputy director of the Department of Planning of the Ministry of Industry and Information Technology, Yao Yan, at a press conference on July 26, responded to the above -mentioned topic that the outsourcing of manufacturing and the transfer of industrial chain is a normal economic phenomenon.It is the result of the role of globalization and market mechanism.Although some foreign -funded enterprises are advancing a diversified layout, in general, the pace of foreign investment in China has not slowed down.
Yao Yan also quoted data from the actual use of foreign investment from the high -tech manufacturing industry from January to May this year.Come and take the initiative to invest in key areas such as advanced manufacturing, high -tech, energy conservation and environmental protection.
A spokesman for the Chinese Ministry of Commerce, Shu Jingsing Ting, also responded to the results of the EU Chamber of Commerce's evacuation of the EU Chamber of Commerce on May 12, saying that the epidemic sent a challenge to the world economy and the global industrial chain supply chain.However, the Chinese economy "strong toughness, sufficient potential, extensive room for rotation, and long -term good fundamentals will not change, and it will continue to provide strong kinetic energy for the world economy stabilizing and recovery."
The Ministry of Commerce also announced a set of data on the same day, showing that in the first four months of this year, China's actual use of foreign capital was 478.61 billion yuan (S $ 95.9 billion), an increase of 20.5%year -on -year.Among them, South Korea, the United States, and Germany's actual investment in China increased by 76.3%, 53.2%, and 80.4%, respectively.
China's media also counterattacked the "withdrawal theory" in different forms. The Global Times responded to the Ministry of Commerce to publish a social review the next day.There is a normal phenomenon. For corporate decisions, the epidemic is ultimately a short -term factor. Opening a new market is a medium- and long -term arrangement that needs to be considered carefully.
Social reviews quote the data of the Ministry of Commerce, emphasizing the long -term Chinese economyThe good fundamentals have not changed, and China's determination to expand the high level of opening up will not change.
The 21st Century Business Herald quotes the EU Chamber of Chamber of Commerce Nanjing Branch Wei Bo said that foreign capital evacuation is a greater extent that it is a certain degreeSpecific slogans, but he has not seen specific micro data.
It is reported that the factory of the European Union's Nanjing Chamber of Commerce has all resumed work at the time. Wei Bo said: "China has achieved phased results in anti -anti -epidemic conditions.Now it seems that the situation of many multinational groups in China is better, which will prompt them to rethink their global layout."
International Financial Report in June, media from foreign countries with hot firing foreign capital evacuation? Not true! The survey showed that in the Chinese market's confidence in the Chinese market, it did not reduce the problem of the Chinese market.After the person in charge of a foreign -funded enterprise, he concluded that "the Chinese market is still the place where foreign companies are looking forward to deep cultivation" and "their long -term development in China has not shaken".
"Foreign Evacuation" has long been a hot topic of the Chinese economy, and it is also one of the most common games for Chinese and foreign public opinion.
Judging from the current official data from China, ""Foreign evacuation" is more intentional. The fundamentals of China's foreign trade exchanges have not changed fundamental changes.
Nevertheless, the epidemic prevention and control under China's "clearing policy" in the past two years and the crisisThe Taiwan Strait relations have accelerated the intention of "foreign capital evacuation". It is also an indisputable situation. The situation of continuous decline in the Chinese economy will appear more frequently, and it will bring more uncertainty to the market.
Even though "foreign capital evacuation" says that there are false and reality, this sound is constantly gathering, which is enough to shake market confidence and worsen the Chinese economy. This is probably the end that all parties are not happy.
