Foreign media: It is difficult to find places that match the scale and scope of China's supply chain

Although the U.S. government has continuously advocated "decoupling" with the Chinese economy and attempting to attract European allies to suppress China in economy and trade, for most US and European companies, the Chinese market is always "magnetic", and China's opportunities cannot be missed. Recently, with the improvement of China's epidemic prevention and control situation, many US and European companies and investors have once again recognized the strong toughness and long -term growth potential of the Chinese economy.

"Exit the Chinese market will hurt yourself"

"When discussing Europe's dependence on China, the Chinese EU Chamber of Commerce warned decouragement." The German "Business Daily" recently reported that the Chinese EU Chamber of Commerce Woodk emphasized in the latest report that "companies that withdraw from the Chinese market will hurt themselves to hurt themselves. "He said that decoupling is not conducive to product research and development. By operating and continuous innovation in China, European companies not only support China, but also support themselves.

The "German Editorial Department Network" quoted the content of the report that the company that was investigated believed that the research and development of research and development in China had great value and hoped to expand its scale. The "Business Daily" concluded that China's advantage is that there are many partners and innovative researchers, large market size, and fast business applications.

Recently, many European companies have used their actions to show their optimistic about China's opportunities. Bloomberg reported that in order to keep up with business growth in China, Asto Holdings, the Netherlands, will expand more than 200 employees in China this year.

One of the important reasons why European companies favored the Chinese market is that they felt real benefits. The latest financial report released by the BMW Group recently showed that BMW's pre -tax profit in the first quarter of 2022 was 12.7 billion euros, about 4 times the same period last year. The analysis believes that the reason for the rise in profits is that the BMW Group increased its holdings of joint venture with China Brilliance production enterprise in mid -February. BMW now owns 75%of the company's shares, becoming the first foreign car manufacturer to hold a majority equity in China's joint venture. German media reports that the increase in China's joint venture shares have led to BMW's profit growth.

Not only the European business community is optimistic about China's opportunities. The American Chamber of Commerce in China recently published a white paper saying that China is still the preferred market for American companies, and 83%of companies reported that they did not plan to transfer manufacturing or procurement out of China. Members of the Chamber of Commerce believe that the decoupling of China and the United States does not meet the economic interests of both parties.

Howard Max, the founder of Oak Capital Management Co., Ltd., an American Investment Agency Oak Capital Management Co., Ltd., was optimistic about the prospect of China's economy in an interview with the Japanese Economic News. He believes that China has a very strong government, and the government has enough policy space to boost the economy. Oak capital is happy to invest in China. As long as the investment has achieved positive results, the investment of oak capital will continue.

The United States Cable Television News Network reported that due to its good policy and obvious valuation, overseas investors continue to pay attention to the Chinese market, and the Chinese stock market is attractive to investors.

China's economic recovery is "more obvious"

On June 15, the National Bureau of Statistics of China showed that with a series of policy effects of an efficient overall overall overall epidemic prevention and control and economic and social development, in May, the main indicators of the national economy improved marginal improvement and economic operations showed a restoration momentum. This further enhances the confidence of the international community's prospects for China's economic development and allows the US and European business community to see more opportunities.

According to the Eiff News, according to the latest data released by the National Bureau of Statistics of China, the added value of industries above designated size in May in May was 0.7%year -on -year, which was a rebound after the decline in data decline in the strict epidemic prevention and control measures. The agency quoted the viewers of the Oxford Institute of Economic Research, saying that the stabilization of economic growth in May will make the recovery "more obvious." Experts predict that China's economic activities will rebound in the second half of the year, especially when stimulating measures re -activate domestic demand.

The Associated Press reported that after the epidemic prevention and control measures in Shanghai and other industrial centers were relaxed, the production of the factory rebounded in May, indicating that the Chinese economy was recovering. The Chinese government has promised to help enterprises recover through measures such as tax reduction and rent -free.

Reuters pointed out that China ’s exports increased at a rate of double digits in May, exceeding expectations, which was an inspiring sign.

Agence France -Presse also noticed that with the restart of some companies in May, China's import and export trade has returned to growth. It is reported that in early June, Shanghai canceled most of the prevention restrictions on epidemic prevention, and Beijing's cities' operations were also close to return to normal. Analysts believe that this situation will help consumption recovery, which may cause more obvious rebounds in the second half of the year.

Dan Steinsbock, director of the International Trade Research Office of the Sino -US Institute of American Think Tank, recently wrote in the media that various signs show that the Chinese economy will rebound in the third quarter. The article pointed out that in early May, some predictions stated that China's GDP growth rate in the second quarter would be around 2.1%. This prediction is mainly based on China's active fiscal policy, including accelerating the promotion of infrastructure projects and reducing taxes and fees for enterprises. In addition, the People's Bank of China promised to provide monetary policy support, including lowered the deposit reserve ratio of financial institutions. If the economy grows steadily, the economic situation in the third quarter will improve sharply, and it is expected to achieve large -scale growth in the second half of the year. In fact, China's manufacturing, service industry, and e -commerce logistics may have rebounded since May.

"China has exciting opportunities"

Data show that in 2021, China continued to surpass the United States and maintain the status of the European Union's largest trading partner. China -Europe trade volume exceeded 800 billion US dollars for the first time, an increase of 27.5%year -on -year. China's trade with Germany, France, and Britain has reached a record high. At the same time, the Sino -US trade volume in 2021 was US $ 755.645 billion, a year -on -year increase of 28.79%. Foreign media analysis believes that trade data confirms that the United States and Europe are inseparable from the Chinese market, and China is an irreplaceable trading partner.

The latest white paper released by the American Chamber of Commerce in China states that most US Chamber of Commerce members believe that to be a global winner and maintain competitiveness in the Chinese market, it is still important to maintain competitiveness in the Chinese market. The "2021 Business Confidence Survey Report" released by the Chinese EU Chamber of Commerce also shows that 68%of EU companies in China are optimistic about business growth, an increase of 20%year -on -year. China -British two -way investment has grown rapidly. In the first 10 months of 2021, Britain's investment in China increased by 13.9%year -on -year. Many companies in German machinery, automobiles, chemicals, electronics and other fields use the Chinese market as the "primary consideration" for formulating future development planning.

Earlier this year, the regional comprehensive economic partnership agreement officially took effect. China is an important member of the world's largest population and the largest economic scale in the world. In addition, China has signed 19 free trade agreements with 26 countries and regions. A more open China will continue to provide more development opportunities for American and European companies and inject strong driving force into the development of world economic development.

The US CNBC website quoted the views of business people say that the evacuation of some manufacturing companies is not enough to truly change China's role in the entire supply chain. China's supply chain advantage is not only based on labor costs, but also lies in the supply chain center, which has paved the way for enterprises to integrate all suppliers into digital systems to improve efficiency. At present, it is difficult to find places that match the scale and scope of China's supply chain outside China. (Reporter Yan Yu)

Original title: China's continuous release of "magnetic" to the United States and European companies (internationalism)

"People's Daily Overseas Edition" (1022 June 20, 2022)

- END -