In China, there is no so-called outflow of foreign capital - Ministry of Commerce

Almaty. April 17th. Silkroadnews - The Ministry of Commerce of China pointed out that China does not have the so-called outflow of foreign capital, the agency Xinhua.
"In China, marked both inflow and otflow through divestment of foreign businessmen, and inflow prevails. There is no so-called "outflow of foreign capital", - said the spokesman of the Ministry of Commerce Shen Danyang.
The number of new enterprises with foreign investment in the first quarter of this year increased by 22.4%, the number of liquidated companies fell by 17.6%, the number of those who went to reduce capital enterprises fell by 35.7%. The total volume actually used in China for the I quarter foreign capital without data in areas such as banks, bonds and insurance, totaled to 214.57 billion yuan, up to 11.3% more than in the same quarter in 2014.
According to the official representative of the Ministry of Commerce, a prerequisite to start talking about "the outflow of foreign capital" after the release of the Chinese economy in the "new normal way" appeared after changes in the structure of foreign investment, sustainable poverty reduction and the share of the manufacturing sector of foreign capital and some adjustments that have occurred in the activities of the individual originally financed through foreign capital manufacturing enterprises.
According to the Ministry of Commerce of China, raising capital in the service sector of China from 2001 to 2014 increased from 24 to 55.4%. In the first quarter, the Chinese service sector actually used $21.59 billion of foreign investment, an increase of 24.1% compared to the same period last year. This is equivalent to 61.9% of the indicators in the whole China. At the same time, in the manufacturing sector, the volume of foreign capital has decreased over the same period by 3.6% to $11.22 billion (32.2% of the national total).
Sh.Danyan pointed out that there is still a comprehensive competitiveness to attract foreign capital in China. Foreign businessmen in general believe that China has a huge hidden forces, steadily growing domestic market, daily strengthening legislation and continuously improving climate of fair competition in the market.
In addition, China is rapidly forming a new system of open economy, expanding its openness to the outside world, explores the Shanghai Experimental free trade zone management model for the implementation of national treatment and measures of "negative list" with respect to foreign investment, making steady improvements climate to attract foreign capital.
As follows from the data of the Ministry of Commerce of China, ten countries - Hong Kong, South Korea, Taiwan, Singapore, Japan, USA, Germany, UK, France and Saudi Arabia as a whole have provided the country in the I quarter of this year with $33.29 billion, accounting for 95.4% of total foreign capital actually used (12.8% more than the same period last year).