Gao Hucheng: There Is No Withdrawal Of Foreign Capital In China.

Gao Hucheng, Minister of Commerce, received an exclusive interview with CCTV this morning. For some of the views that China's ability to attract foreign capital is declining, China has seen the withdrawal of foreign capital.

Data show that in 2015, China absorbed foreign capital of 126 billion 300 million US dollars, an increase of 5.6% over the same period last year. In January of this year, the actual use of foreign capital in China increased by 3.2% over the same period last year.

The joint China World Trade Center conference shows that China remains the most promising investment destination in 2015-2017 years.

China Chamber of Commerce survey, China EU Chamber of Commerce, Japan and China

The survey of the promotion agencies shows that most of the respondents are optimistic about the Chinese market.

Minister of Commerce

"First, I do not agree with this formulation, and this phenomenon does not exist. If there is a tide of foreign capital withdrawal, there will be problems in the two sets of figures.

First of all, foreign investment introduced in that year will drop, but in 2014 and 2015, our foreign investment is increasing; secondly, we will see whether the total volume will decrease.

China

Until now, the stock of absorbing foreign capital is 1 trillion and 600 billion, and the stock is in proportion to the growth of the same year. At this time, we say that the tide of foreign capital withdrawal does not exist.

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Zhou Xiaochuan, governor of the central bank, took part in the 2016 annual meeting of the 50 forum of Chinese economy yesterday. He said that structural reform or structural adjustment is also a price reform and price adjustment. The important content of the supply side reform is to eliminate price distortions.

Zhou Xiaochuan said that under the assumption of market efficiency, the structural problems arising from the supply and demand of goods reflect the price problem, so the structural problem is price. Therefore, structural reform is price reform and price adjustment.

In the product market, it should be said that in most cases, the market is effective, supply and demand determine prices, and price changes determine supply and demand.

Structural adjustment also requires price signals to provide incentives, and structural adjustment without incentives is also very difficult.

For the view that there is a need to rely on Administrative Measures for price adjustment in the market void, Zhou Xiaochuan said that because China is moving from a traditional central planned economy to a market economy, from a point of view of thinking, we tend to see more links between market failure and market failure. We believe that under the link of market failure, the government should play a greater role or play a better role.

This involves the discussion and identification of which links are more effective and which links will be invalid.

"We all think that some important product prices can not be regulated by the market.

But from the practical results, we find that the government led pricing has not been better. For example, the price of refined oil has evolved after several rounds of pricing. China's final product pricing is only a buffer period in the international market price (which is about 20 days' delay), filtering out the components of high price volatility, and then pricing in accordance with the international market price.

In short, it is hard to say that even with some important products, the market determines prices. "

Zhou Xiaochuan said.

Zhou Xiaochuan believes that the reason why the market is ineffective in a small number of cases is because the external effects of the traditional economy, such as environmental pollution and carbon emissions, lead to misleading prices in the market. However, from the international practice (such as the collection of garbage disposal fees by product manufacturers), even if the market is ineffective, especially in the case of external effects, there are still many ways to make the price mechanism play a better role. Similarly, other structural policies can not be better than price policies.