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"competing" with foreign capital in more fields has put forward higher requirements for the core competitiveness of domestic manufacturing companies.

arts｜zhang hao, reporter of "chinese entrepreneur"

header image source|visual china

in the wave of globalization, the development of china's manufacturing industry has ushered in a new milestone.

the political bureau meeting of the cpc central committee held on september 26 proposed that we should increase efforts to attract and stabilize investment, promptly promote and implement reform measures such as foreign investment access in the manufacturing sector, and further optimize a market-oriented, legal, and international first-class business environment.

just half a month ago, the "special management measures for foreign investment access (negative list) (2024 edition)" was officially released. my country's negative list restrictions on foreign investment access were further reduced and "cleared" in the manufacturing field.

manufacturing is the earliest market area to be opened up in my country, and it is also the area with the most competition and the closest global industrial division of labor and cooperation. after more than 40 years of opening up to the outside world and making full use of "two markets and two resources", my country's manufacturing industry has achieved leapfrog development, and the chinese market with huge potential has always been a hot spot for global manufacturing investment.according to statistics from the ministry of commerce, in the first half of this year, the actual use of foreign investment in the domestic manufacturing industry was 141.86 billion yuan, an increase of 2.4% compared with the same period last year.

currently, china is transforming from a "world factory" to a "global innovation center" and moving from a manufacturing power to a manufacturing power. actively participating in global competition, utilizing all available high-quality resources, and improving core competitiveness are the new missions of my country's manufacturing enterprises.

restrictive measures on foreign investment access in the manufacturing sector have been "cleared". for domestic manufacturing enterprises, foreign investment and domestic investment will fully enjoy equal treatment, and a fair "competition on the same field" will be achieved in more fields, and the core competitiveness has been proposed. higher requirements.

the entry of foreign-funded enterprises will bring about a series of chain reactions. some domestic companies will worry that market share and profits will be reduced as a result, and production and operations will encounter challenges.some companies may even choose to avoid direct competition with foreign-funded companies and move to low-end markets or withdraw from markets where foreign capital is dominant.

in the long run, this will inevitably force manufacturing companies in various fields to pay more attention to improving their "internal skills", proactively increase investment in technology research and development, break through new technologies, develop new products, improve product quality, and reduce production costs. only by seizing opportunities, facing difficulties, and turning pressure into motivation can local enterprises remain invincible in the fierce global competition.

currently, a new round of global technological revolution and industrial transformation is accelerating, and china continues to promote the transformation and upgrading of its manufacturing industry. the entry of foreign capital will bring global supply and demand information, talent gathering, advanced management experience and technology, etc., which will also give local manufacturing companies more opportunities for cooperation and exchange. the convergence and flow of high-end development elements necessary for enterprise development will give "wings" to targeted and prepared enterprises, accelerating their pursuit of high-end, intelligent, and green development.

asteslathe shanghai gigafactory has driven technological progress and efficiency improvements in the entire new energy automobile industry chain, upstream and downstream, and promoted the transformation and upgrading of china's automobile manufacturing industry.

the "clearance" of restrictions on foreign investment access in the manufacturing sector also means a higher level of institutional opening-up. cooperation and competition with foreign-funded enterprises will help domestic enterprises better learn, benchmark and even participate in the formulation of international rules and standards. for example, in terms of environmental protection technology, earlier and more exposure to relatively mature foreign experience is of great significance to improving energy efficiency and meeting pollutant emission standards, and is also more conducive to promoting product exports.

if we say that in the early days of reform and opening up, foreign investment focused more on low-cost advantages in land, labor, energy, etc. when entering the chinese market.well, foreign investors continue to be optimistic about china now because of the ultra-large market, high-quality labor force and complete industrial chain formed after decades of development.

the "clearance" of foreign investment access restrictions in the manufacturing industry is both a challenge and an opportunity for domestic enterprises. only by accelerating the formation of a steady stream of innovation momentum and concentrating on practicing "internal strength" can china's manufacturing industry and the world be connected in both directions.