China Absorbs Foreign Capital For Four Consecutive Months

And the record released the other day.

According to the data released by the Ministry of Commerce, in February, 1603 newly established enterprises with foreign investment increased by 38.67% compared with the same period last year, and the actual amount of foreign investment was 7 billion 726 million US dollars, down 0.90% from the same period last year.

The same is not optimistic about the foreign trade data.

The import and export data released last Saturday showed that China's foreign trade deficit reached US $31 billion 490 million in February, the highest level in 9 years.

"Our judgment is that the trade deficit is unlikely to continue.

Overall, this year will still be a favorable balance of trade this year, but the surplus will gradually decrease, and the share of GDP will be further reduced. "

Shen Danyang, spokesman of the Ministry of Commerce, said at a monthly regular briefing yesterday.

Judging from the current situation, although the situation of China's large trade surplus may be temporary, the trend of China's absorption of foreign capital may continue.

Absorbing foreign capital will weaken further.

Judging from the current trend, China's ability to absorb foreign capital may weaken further.

From the source of Foreign Investment announced by the Ministry of Commerce yesterday, the situation in the US and Europe, which represents high-end foreign investment, is still unclear.

In February, the United States actually invested $525 million in foreign investment, an increase of 0.87% over the same period last year. This is the second consecutive month of increase. However, the actual amount of foreign investment in the 27 countries of the EU still dropped by a larger margin of 906 million US dollars, down 33.32% from the same period last year.

Since April,

The 27 countries of the European Union began to invest in China from May to last year, increasing by more than 20% from the previous year, and rapidly slowing down to a single digit level until this year, a sharp negative growth for two consecutive months.

The investment in China has maintained a relatively fast upward trend in the Asian region.

1~2 months, ten countries / regions in Asia (China, Hongkong, China, Macao, China, Taiwan, Japan, Philippines, Thailand, Malaysia, Singapore, Indonesia, Korea) actually invested 15 billion 379 million dollars in foreign investment, an increase of 2.66% over the same period last year.

From the perspective of the distribution of foreign investment, the central region has increased rapidly, while the traditional highland attracting foreign investment, the eastern region and the western region, has seen a decline.

In 1~2 months, the eastern region actually used foreign capital of 15 billion 152 million US dollars, down 1.63% compared to the same period last year.

The actual use of foreign capital in the central region was US $1 billion 428 million, an increase of 19.21% over the same period last year.

The actual use of foreign capital in the western region was US $1 billion 143 million, down 6.55% compared to the same period last year.

He Manqing, director and researcher of the research center of MNCs of the Ministry of Commerce, told the first Financial Daily reporters that from the current economic situation in Europe, the possibility of the EU's 27 countries' investment in China will decline over the next few months, and the total amount of foreign capital absorbed by China will also decline further.

"The European debt crisis will inevitably restrict the financing capacity of enterprises, thus further restricting the ability of enterprises to invest in China."

He Manqing said, "however, compared with other countries, the overall situation of China's attracting foreign investment is good, even if it slipped, it is not necessarily a bad thing for China in the period of overall structural pformation."

The year-round surplus continued to narrow.

"The trade deficit is unlikely to continue.

Overall, this year will continue to be a trade surplus, but the surplus will gradually decrease. "

This is the judgment of the Ministry of Commerce yesterday.

"The data of two months in 1 and February can not explain the trend of foreign trade throughout the whole year. There are many uncertain and unstable factors. There are many variables in the external environment and internal environment. Therefore, we must maintain the basic stability of foreign trade policy in accordance with the requirements put forward by Premier Wen in the government's work report of the NPC session."

Shen Danyang pointed out.

This is also consistent with market judgement.

"The leading indicators of external demand show that China's export prospects have stabilized steadily.

Real export growth is expected to stabilise and recover slightly in the coming months.

Exports will grow by 10% in 2012, consistent with the government's expectations.

Wang Tao said.

At the same time, a large trade deficit can also explain the tense liquidity conditions in February, and the action of the central bank to reduce the reserve requirement ratio in the case of weaker foreign exchange.

But Wang does not believe that trade data will affect the current monetary and exchange rate policies.

Zhou Xiaochuan, governor of the people's Bank of China, said 12 days during the two sessions that there was a lot of room to adjust the deposit reserve ratio.

"Theoretically, the space for deposit reserve ratio can be very large, but it should be targeted at specific liquidity."

Zhou Xiaochuan said.