投资未来共赢发展再起航报告

Editorial Board Contents Preface........................................................................................................................1 I. Multinationals in China: new starting points and new initiatives..............................2 A. New starting point of mutually beneficial cooperation between MNCs and China....................3B. New initiatives of MNCs in investment cooperation in China..........................................................21 II. Global investment development trends: new challenges and transformation.......24 A. New challenges in the global economy: increasing turmoil in the international political andeconomic environment................................................................................................................................25B. New landscape of global investment: resilient growth in uncertainty..........................................28C. Global supply chain restructuring: rebalancing of cost, efficiency, and security......................33D. New framework for global investment: new trends in multilateral and regional rules...........35E. Global commanding heights: new tracks for future industries and technologies...................38 III. Multinationals in China: investing in the future to reap new opportunities..........46 A. Certainty: stable policies and clear investment prospects..............................................................47B. Security: political and diplomatic guarantees and social stability................................................49C. Openness: multilateral, bilateral and unilateral, autonomous multidimensional openness.....53D. Scalability: convergence of consumer market potential and scale advantages.....................56E. Convenience: highly facilitated investment and optimized service system..............................60F. Growth potential: broad industrial innovation and application scenarios..................................62G. Profitability: long-term capital appreciation and enhanced market competitiveness...........65 Contents IV. Multinationals in China: a new journey of shared growth.....................................68 A. Investment strategy adjustment: focusing on long-term deep cooperation and win-winresults........................................................................................................................................................69B. Industry track transition: cultivation and development of new quality productive forces....70C. Upgraded collaboration models: localized innovation and industrial-supply chaincollaboration.............................................................................................................................................72D. Regional market restructuring: optimizing layout and connecting the world...........................74E. Co-building investment ecology: inclusive sharing and sustainable development................75 Afterword...................................................................................................................82 Tables and Figures Figure 1FDI in China from 2009 to 2024........................................................................................................4Figure 2Imports and exports by FIEs from 2023 to the first quarter of 2025..................................6Figure 3FDI by sector in 2024............................................................................................................................7Figure 4Share of FDI by main sectors in China from 2009 to 2024.....................................................8Figure 5FDI in high-tech manufacturing in China from 2015 to 2024...............................................8Figure 6R&D investment of China's industrial FIEs abovethe designated size from 2011 to 2023........................................................................................10Figure 7Innovation achievements of China's industrial FIEs abovethe designated size from 2011 to 2023........................................................................................11Figure 8FDI in the central and western regions of China from 2019 to 2023.................................15Figure 9Imports and exports by FIEs in some provinces of China from 2018 to 2024..............16Figure 10FDI in agriculture, forestry, animal husbandry & fishery in China from 2013 to 2024..18Figure 11Revenue and profits of FIEs above the designated size in China from 2019 to 2024.20Figure 12Global merchandise trade trends from 2019 to 2026..........................................................26Figure 13Global GDP trends from 2019 to 2026.......................................................................................27Figure 14GDP growth rate and inflation rate of developed countries from 2019 to 2026.........28Figure 15Global FDI trends from 2019 to 2024........................................................................................