Foreign companies continue to be optimistic about China's economic prospects
The "2023 First Quarter China Foreign Investment Business Environment Research Report" released by the China Council for the Promotion of International Trade on the 30th shows that ,with the continuous optimization of China's business environment, the industrial chain supply chain system is becoming more perfect. Cross-border transactions are more convenient, and economic vitality is accelerating. Foreign enterprises continue to have a positive outlook on China's economic development, and their overall satisfaction with China's business environment is high.
Wang Linjie, spokesperson for the China Council for the Promotion of International Trade, confirmed at a regular press conference in May that in the first quarter of this year, the China Council for the Promotion of International Trade conducted research visits to over 600 foreign-funded enterprises from 26 provinces and cities across the country, covering traditional manufacturing, advanced manufacturing, traditional service, and modern service industries.61.21 of the surveyed foreign-funded enterprises in China are mainly concentrated in the processing and manufacturing sector. Form a research report by summarizing feedback from foreign-funded enterprises.
The report shows that in the first quarter of this year, the satisfaction of foreign invested enterprises was measured with indicators such as tax payment, access to financial services, municipal public infrastructure installation, cross-border trade, resolution of commercial disputes, market access, human resource supply, access to business premises, and promotion of market competition exceeded 80%.97% of foreign-funded enterprises rated the foreign investment policies introduced by the Chinese government since the fourth quarter of last year as "satisfactory" or above. More than 80% of the surveyed foreign-funded enterprises expect their investment profit margins in China to remain unchanged or increase this year, while over 90% of the surveyed enterprises expect their investment profit margins in China to remain unchanged or increase in the next 5 years. The Yangtze River Delta, Pearl River Delta, anddu Chongqing regions are the main regions that attract foreign investment. Expanding production lines in China or realizing digital transformation is the main way for foreign enterprises to increase capital. More than 70% of the surveyed companies stated that their industrial chain layout in China will maintain the current status or further localize the industrial chain in China.
Strictly protecting intellectual property rights in accordance with the law is an important indicator of the business environment. How do foreign-funded enterprises evaluate China's intellectual property protection work?
Recently, the China Council for the Promotion of International Trade (CCPIT) has conducted a research on 168 foreign-funded enterprises and 9 foreign business associations in China, focusing on the opinions and suggestions of current foreign-funded enterprises on China's intellectual property protection work. The survey found that 96.2% of surveyed companies are satisfied with China's progress and achievements in intellectual property rights; 82.74% of the surveyed companies affirmed that China has made significant progress in establishing and improving relevant legal systems; 67.86% of surveyed enterprises prioritize choosing Chinese agency agencies. The technical fields involved in intellectual property protection of the surveyed enterprises are concentrated in high-end equipment manufacturing, new generation information technology, new materials, energy conservation and environmental protection, new energy, medicine, biology, agriculture and other industries.
In the past decade, institutions affiliated with the China Council for the Promotion of International Trade have represented over 600000 patent and trademark cases, including 350000 invention patents and trademarks applied for by foreign enterprises, including American funded enterprises. The intellectual property services provided by the China Council for the Promotion of International Trade have been widely recognized by foreign enterprises.
As an important pioneer and promoter of China's intellectual property industry, and an important participant in the formulation of international intellectual property rules, the China Council for the Promotion of International Trade is willing to continue providing high-quality intellectual property services to foreign enterprises, continue to represent the Chinese business community in the formulation of international intellectual property rules, and work together with the global business community to promote governments to continuously improve the market business environment.Wang Linjie emphasized.
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