14 | Friday, July 16, 2021 HONG KONG EDITION | CHINA DAILY BUSINESS Nation to take ‘accurate’ review on foreign input

Stance on welcoming outside investors will remain unchanged, official said

By ZHONG NAN on all fronts and aim to reinforce [email protected] the security mechanism for open- ing-up. China will accurately review for- Eager to attract more foreign eign investment that affects, or direct investment, China will con- may affect, national security, tinue to relax market access for for- while avoiding overly broad eign capital and guide such actions in order to better ensure investors to better integrate into and protect the legitimate rights the national economic cycle over and interests of foreign invest- the coming years, said Wang Jun, ment, said the Ministry of Com- chief economist at Zhongyuan merce on Thursday. Bank. The government will, in accord- Impacted by the COVID-19 pan- ance with the principles of necessity demic and the fact that global sup- and reason, implement these policy ply and demand have been measures to effectively prevent and mismatched, China’s economy has resolve national security risks, said nevertheless achieved healthy Gao Feng, the ministry’s spokes- growth, thus satisfying global man. demand, Wang said. The official made the remarks at a “This reality has helped attract An aerial view of a port in Nantong, Jiangsu province, on July 8. zhai huiyong / for china daily weekly news conference, adding more global companies to enhance that it is international practice to their positions in joint ventures, carry out such security reviews. onshore supply chains and add China released rules on foreign spending to secure market share investment security review proce- across China,” he said at an econom- Chinese ports play key role in global recovery dures to safeguard national security ic forum hosted by China News Ser- while spurring foreign investment vice in Beijing on Thursday. in December last year. The rules By OUYANG SHIJIA “As the largest trading nation in 8 percent in 2021 after a 5.3-percent specified provisions concerning the [email protected] goods, China has become a key drop in 2020, rebounding from the security review mechanism for for- ... the development of manufacturing hub globally, creat- pandemic-induced collapse that eign investment, including the types $94.1 Brisk activity at ports across Chi- ing a huge demand for container bottomed out in the second quarter of investments subject to review, billion na is set to be one of the most visible China’s container shipping.” of last year. China’s actual use of foreign review scopes and procedures, effects of the ongoing global recov- transport is playing a The report said ports in China’s Experts said the recovery in glob- among other areas. capital in the first half of this ery, a think tank said. Yangtze River Delta region are pro- al trade this year is strongly sup- year The official reiterated that the The container shipping indus- major role in jected to see a rapid growth in con- ported by China’s rapid resumption trend of encouraging more foreign- try is projected to see recovery boosting overall tainer shipping this year. The Port of work and production and its funded enterprises to develop in China’s actual use of foreign cap- this year, mainly due to East of is set to remain the steady economic recovery, while China will not change. ital surged to 607.84 billion yuan Asian economies, especially Chi- development of the largest container port in 2021, han- warning of mounting uncertainties The ministry will work with oth- ($94.1 billion) in the first half. That na’s effective measures to control world.” dling 45.6 million to 46 million amid COVID-19. er government branches to pro- was an increase of 28.7 percent the COVID-19 pandemic and rap- twenty-foot equivalent units The latest data from the General mote wider, broader and deeper year-on-year and a 27.1 percent rise idly resume work and produc- Xie Gang, associate research (TEUs) so far this year, with a year- Administration of Customs showed opening-up, fully implement the over the same period in 2019, tion, said a report released by the fellow with the Academy of on-year increase of 4.8 percent to China’s foreign trade climbed 27.1 Mathematics and Systems Sci- Foreign Investment Law and oth- according to the Ministry of Com- Center for Forecasting Science of ence of the Chinese Academy of 5.7 percent. percent year-on-year to 18.07 tril- er related regulations, maintain merce. the Chinese Academy of Scien- Sciences Ningbo- Port is projec- lion yuan ($2.79 trillion) during the fair competition order, and better With numerous measures, ces. ted to witness a rapid rebound this first half. protect the legitimate rights and including simplified approvals, The Outlook of Container year, taking third spot in the Global Tang Jianwei, chief researcher at interests of foreign investment, optimized services and reduced bar- Throughput at Global Top 20 Ports ment of the world,” said Xie Gang, Top 20 Ports in 2021. The CEFS the Financial Research Center of over the course of China’s 14th riers, China has continued to con- in 2021 report estimated seven out associate research fellow with the report showed container through- the , Five-Year Plan period (2021-25), struct a robust business of the top 10 ports will be in China, Academy of Mathematics and Sys- put at Ningbo-Zhoushan Port will spoke highly of China’s better- Gao said. environment for global investors, and the growth rate of the country’s tems Science of the Chinese Acade- reach 31.1 million to 31.6 million than-expected export and import The Chinese government will said Mark Edwards, general manag- container throughput is seen my of Sciences. TEUs this year, a year-on-year rise performance, saying exports will continue to improve its services for er for China operations at Diageo increasing considerably. Xie told a news conference in of 8.2 percent to 10 percent. stabilize in the second half of 2021. foreign-funded enterprises and for- Plc, a London-headquartered spirits On the whole, the demand for Beijing on Wednesday that the con- Other Chinese ports on the list A new report released by the eign-funded projects to create a producer covering a wide range of container shipping services of most tainer throughput of most ports in include Shenzhen Port, Guangzhou Financial Research Center of the market-oriented, legalized and alcohol categories including Scotch ports in China will increase in 2021, the world will display a recovery, Port, Qingdao Port, Tianjin Port, Bank of Communications said Chi- internationalized business environ- whisky, gin and beer. especially in the ports of Ningbo- except for negative growth in the Port of Hong Kong and the Port of na’s exports denominated in US ment, he added. “These steps have boosted sys- Zhoushan in Zhejiang province, port of Kaohsiung in Asia. The Top Xiamen. dollars are projected to jump 13 Zhang Yongjun, a researcher at tems integration and innovation, Shenzhen in province 20 ports in 2021 will be more or less Global trade is ready for a strong percent year-on-year in 2021, and the China Center for Internation- accelerated the release of policy div- and Tianjin. similar to those in 2020. but uneven recovery from the dis- the year-on-year growth rate of al Economic Exchanges in Beijing, idends, realized efficient intergov- “According to our prediction, “Ports are key facilities for ruption of the coronavirus pan- imports is set to reach 18 percent said the security review rules are ernmental department nine of the top 20 container ports in international trade, important demic and sluggish activity, the for the whole year. not a protectionist move or refus- collaboration, as well as created a the world will be from China, and hubs of the global integrated World Trade Organization said. The report said China’s economy al to further open up. Instead, high-quality, legalized, internation- the development of China’s con- transportation network and vital Estimates by the WTO showed is expected to rebound steadily and they are in accordance with Chi- al and convenient business environ- tainer transport is playing a major links in the global logistics chain,” that the volume of world merchan- its GDP is likely to grow 8.8 percent na’s commitment to opening-up ment,” he said. role in boosting overall develop- Xie said. dise trade is expected to increase by year-on-year in 2021.

Rongqing, general manager of the National Green Development Fund. Logistics sector booms Carbon The fund, which was jointly launched by the Ministry of Finance, the Ministry of Ecology and Environ- neutrality ment and Shanghai Municipality, has as world trade expands a total registered capital of 88.5 bil- lion yuan. BEIJING — China’s logistics sec- tons, said the Civil Aviation fund in Fu Fan, president of China Pacific tor reported rapid growth in the Administration of China. Insurance (Group), called 2021 the first half, boosted by thriving for- China’s sustained economic first year of China’s drive in achiev- eign trade, as the recovery of the recovery is shoring up production strong start ing carbon neutrality. world’s second-largest economy and demand, which has laid a solid The equity fund, a result of the continues to accelerate. foundation for the growth of the By WANG YING in Shanghai cooperation of the steel industry The country’s foreign trade rose country’s foreign trade, said GAC [email protected] with financial institutions, would 27.1 percent year-on-year to 18.07 spokesperson Li Kuiwen, adding bring a bright outlook for the steel trillion yuan ($2.79 trillion) in the that global economic recovery also The nation’s largest carbon neu- sector’s low carbon and high quality first six months, its best first-half played a positive role. trality equity fund was jointly development, Fu said. performance ever, said the General Despite the trade growth regis- launched by China Steel “The steel industry contributes to Administration of Customs. tered in the first six months, the Group, the National Green Develop- about 15 percent of China’s total car- The record-breaking trade vol- future is not entirely rosy for for- ment Fund Co Ltd, the China Pacific A Baowu Steel employee inspects equipment at a production facili- bon emissions. The carbon neutrali- ume was also boosted by rising eign trade firms as they are faced Insurance (Group) Co Ltd, and the ty in Maanshan, Anhui province, in March. luo jisheng / for china daily ty equity fund focuses on the shipping demand among foreign with challenges including fluctuat- CCB () technological development of new trade enterprises. ing exchange rates, rising trans- Financial Asset Investment Co Ltd energy, green and low carbon emis- “My firm needs to ship goods port costs and higher raw material in Shanghai on Thursday. Zhu Yonghong, chief accountant of “China Baowu, as a global steel sion of the steel industry, reflects the overseas every day, with over prices, analysts said. The fund, with a planned scale of China Baowu. industrial leader, has been promot- Chinese steel industry with a mis- 10,000 containers sent every year,” To further spur the growth of for- 50 billion yuan ($7.74 billion), looks To fulfill such goals, China Baowu ing the campaign of phasing out out- sion of green growth,” said Cheng said Yang Nan, president of a for- eign trade, the State Council — the to raise 10 billion yuan in the first has been actively planning the dated capacity and improving Yuanguo, chief risk officer of China eign trade firm in coastal Jiangsu country’s Cabinet — earlier this phase, according to the world’s larg- establishment of the carbon neu- industrial efficiency. It has also raised Construction Bank. province. month released guidelines on accel- est steelmaker by volume in 2020. trality fund together with the a low-carbon roadmap for enhancing Work on the second phase of the As a major means of transport, erating the development of new The fund was established in National Green Development Fund, industrial competitiveness,” said carbon neutrality fund was started rail freight also saw strong growth forms and models of foreign trade accordance with China’s commit- China Pacific Insurance (Group), Ding Hui, a division chief at the Min- by China Baowu and the asset man- momentum. China State Railway to push forward its upgrade and fos- ment to carbon neutrality. The steel and the CCB Financial Asset Invest- istry of Ecology and Environment. agement subsidiary of the Bank of Group Co Ltd said China-Europe ter new competitive strengths. industry contributes to a compara- ment, and finally had the green Ding said the ministry would China. freight train services saw 7,377 To plan for the future, enterpris- tively large portion of carbon emis- equity fund that marks collabora- actively support China Baowu in China Baowu became the world’s trips in the first half, up 43 percent es should avail themselves of the sions, and the 14th Five-Year Plan tion between the steel industry and reaching its carbon neutrality goal, largest crude steel producer in 2020 from the same period last year, opportunities presented by the period (2021-25) is important for the financial institutions, added Zhu. and promote the low-carbon devel- by having its annual crude steel out- while goods transported totaled new forms and models of foreign nation’s steel industry to reach low The fund aims to explore the opment of the Chinese steel industry. put reach 100 million metric tons. In 707,000 twenty-foot equivalent trade, sharpen their product and carbon development. opportunities presented by the With the industrial influence of order to reach its carbon targets, the unit containers, surging 52 percent brand competitiveness and further As the bellwether of China’s steel nation’s 14th Five-Year Plan and China Baowu, the group’s low-car- group currently is spearheading low year-on-year. expand their markets, said Zhuang industry, China Baowu announced puts its focus on clean energy, green bon achievements through cutting- carbon technology innovations, Air cargo orders also climbed. In Rui, a professor at the University of its roadmap of having its carbon technology, environment protec- edge innovations and applications intelligent transformation, as well the January-June period, China’s International Business and Eco- emissions peak by 2023 and achiev- tion, pollution prevention and con- will set a role model for the steel as the application of more green air cargo volume rose 24.6 percent nomics. ing carbon neutrality by 2050, said trol, among others. industry as a whole, said Zhang products. year-on-year to 3.74 million metric Xinhua