Economy** Author: Zhu Lin.
On January 30, the China Council for the Promotion of International Trade released the "Survey Report on China's Foreign Business Environment in the Fourth Quarter of 2023", which showed that the satisfaction of surveyed foreign-funded enterprises with China's business environment continued to improve in this quarter, and the proportion of "satisfactory" and above evaluations in all indicators increased compared with the third quarter.
According to the report, more than 90% of enterprises are "satisfied" or above with indicators such as "obtaining business premises", "municipal public infrastructure installation", "going through business closure procedures", "cross-border **", "market access", "tax payment" and "resolving commercial disputes"; From the perspective of market expectations, nearly 70% of the surveyed foreign-funded enterprises are still optimistic about the Chinese market situation in the next five years, an increase of about 1 percent from the previous month8 percentage points, more than 90% of the surveyed foreign companies believe that the attractiveness of the Chinese market has increased or remained unchanged; From the perspective of business conditions, more than 90% of the surveyed foreign-funded enterprises expect the profit margin of investment in China to be flat or improve in the next five years, an increase of about 58 percentage points, enterprises with the intention of increasing capital in China increased by about 45 percentage points.
According to reports, in the fourth quarter of 2023, the China Council for the Promotion of International Trade will conduct a survey on nearly 600 foreign-funded enterprises, 68% of the surveyed foreign-funded enterprises are small and micro enterprises, and 65% of the enterprises in China are concentrated in processing and manufacturing. The "2023 Q4 Survey Report on China's Foreign Investment Business Environment" has been compiled on this basis.
Yang Fan, spokesman of the China Council for the Promotion of International Trade, said that according to the annual survey data, more than eighty percent of the surveyed foreign-funded enterprises rated China's business environment as "satisfied" or more in 2023, more than ninety percent believed that the Chinese market was attractive, and nearly seventy percent were optimistic about the prospects of the Chinese market in the next five years. "This shows that the fundamentals of China's economic stability and long-term improvement have not changed, and the 'magnetic attraction' of the Chinese market to foreign capital will become stronger and stronger. ”
At a regular press conference held on the same day, the China Council for the Promotion of International Trade also released the "2023 China Business Environment Research Report". According to the report, in 2023, nearly ninety percent of the surveyed companies rated the business environment as "satisfactory" or above, and the overall evaluation of China's business environment by the surveyed enterprises was 436 out of 5.
According to the report, from the perspective of operation and investment, "using local resources" and "establishing production bases" are the main reasons for enterprises to invest in new factories; More than seventy percent of the surveyed enterprises have flat or increased revenue, and nearly eighty percent of the surveyed high-tech enterprises have achieved flat or increased revenue.
According to the report, the achievements in the construction of China's business environment in 2023 are mainly reflected in the continuous promotion of the transformation of functions and efficiency, the further improvement of the quality and efficiency of fiscal and taxation services, the acceleration of the formation of an open economic system, and the continuous improvement of infrastructure construction.
Creating a market-oriented, law-based and international business environment is an important measure to further stabilize social expectations, boost development confidence and stimulate market vitality. Yang Fan said that in recent years, various regions and departments have continuously increased the reform of key areas of the business environment, and China's business environment has continued to optimize and improve.
Yang Fan said that compared with the data of the previous "Report", from 2019 to 2023, the evaluation of the surveyed enterprises on China's business environment has generally shown an upward trend, with an increase of 006 points (out of 5 points); From the perspective of sub-indicators, the evaluation of 10 indicators by the surveyed enterprises has improved, of which the evaluation of scientific and technological innovation, infrastructure, and human resources indicators has been significantly improved, with an increase of 013 points, 012 points and 011 points; From a regional perspective, the respondents' evaluation of the business environment in the western region has improved the fastest, with an increase of 0 in the past five years27 points; From the perspective of industry, the interviewed high-tech industry and service industry enterprises have the strongest sense of gain, with an increase of 009 points and 013 points.