2021 IS THE FIRST YEAR OF THE "14TH FIVE YEAR PLAN". IN TERMS OF OPENING UP, CHINA CLEARLY ADHERES TO A WIDER RANGE, BROADER FIELDS AND DEEPER LEVEL OF OPENING UP. RELYING ON THE ADVANTAGES OF THE SUPER LARGE MARKET, CHINA WILL PROMOTE INTERNATIONAL COOPERATION, ACHIEVE MUTUAL BENEFIT AND WIN-WIN RESULTS, PROMOTE THE JOINT CONSTRUCTION OF THE "THE BELT AND ROAD", ACHIEVE STABILITY, AND BUILD A COMMUNITY WITH A SHARED FUTURE FOR MANKIND.HIGHER LEVEL OPENING UP TO THE OUTSIDE WORLD, ATTRACTING MORE FOREIGN INVESTMENT INTO THE CHINESE MARKET. ACCORDING TO A PREVIOUS REPORT RELEASED BY THE UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT, GLOBAL FOREIGN DIRECT INVESTMENT DECREASED SIGNIFICANTLY BY 42% YEAR-ON-YEAR IN 2020, BUT CHINA'S ABSORPTION OF FOREIGN INVESTMENT ROSE AGAINST THE TREND, BECOMING THE WORLD'S LARGEST INFLOW OF FOREIGN INVESTMENT. SINCE THE BEGINNING OF THIS YEAR, CHINA HAS CONTINUED TO MAINTAIN A STRONG MOMENTUM IN ATTRACTING FOREIGN INVESTMENT. FROM JANUARY TO APRIL, THERE WERE 14533 NEWLY ESTABLISHED FOREIGN-INVESTED ENTERPRISES NATIONWIDE, A YEAR-ON-YEAR INCREASE OF 50.2% AND AN INCREASE OF 11.5% COMPARED TO THE SAME PERIOD IN 2019; THE ACTUAL AMOUNT OF FOREIGN INVESTMENT USED WAS RMB 397.07 BILLION, A YEAR-ON-YEAR INCREASE OF 38.6% AND A YEAR-ON-YEAR INCREASE OF 30.1% COMPARED TO THE SAME PERIOD IN 2019. IN THE FINANCIAL SECTOR, FOREIGN CAPITAL INFLOWS CONTINUE TO REACH NEW HIGHS, ACCELERATING THEIR INFLUX INTO THE A-SHARE MARKET THROUGH CHANNELS SUCH AS THE SHANGHAI HONG KONG STOCK CONNECT AND THE SHENZHEN HONG KONG STOCK CONNECT.AGAINST THE BACKDROP OF GLOBAL "COOLING OFF" IN CROSS-BORDER INVESTMENT, WHY HAS CHINA BEEN ABLE TO ACHIEVE A COUNTER TREND IN ATTRACTING INVESTMENT AND BECOME A "STABILIZER" AND "SAFE HAVEN" FOR CROSS-BORDER INVESTMENT? IT CAN BE ANALYZED FROM SEVERAL ASPECTS.THE CHINESE ECONOMY HAS TAKEN THE LEAD IN A STRONG RECOVERY. CHINA TOOK THE LEAD IN CONTROLLING THE EPIDEMIC, RESUMING WORK AND PRODUCTION, AND ACHIEVING ECONOMIC GROWTH FROM NEGATIVE TO POSITIVE, PROVIDING A SOLID FOUNDATION AND GUARANTEE FOR STABILIZING FOREIGN INVESTMENT. AT THE SAME TIME, THE COUNTRY HAS INTRODUCED A SERIES OF POSITIVE AND EFFECTIVE TRADE AND INVESTMENT FACILITATION MEASURES, FURTHER OPENING UP SOME INDUSTRIES, PROMOTING THE INCREASE OF NEW INVESTMENT, AND PLAYING AN IMPORTANT LEADING AND DRIVING ROLE IN THE GLOBAL ECONOMIC RECOVERY. IN TERMS OF THE NEGATIVE LIST FOR FOREIGN INVESTMENT ACCESS, THERE HAVE BEEN SIX ROUNDS OF "STREAMLINING" IN SEVEN YEARS, WITH A 17.5% REDUCTION IN THE 2020 NATIONAL VERSION OF THE NEGATIVE LIST COMPARED TO THE PREVIOUS YEAR; THE CONSTRUCTION OF HAINAN FREE TRADE PORT AND THE FURTHER EXPANSION OF THE PILOT FREE TRADE ZONE HAVE EFFECTIVELY BOOSTED THE CONFIDENCE OF FOREIGN INVESTMENT IN CHINA.THE ATTRACTIVENESS OF RMB ASSETS HAS INCREASED. THE CHINESE ECONOMY HAS TAKEN THE LEAD IN RECOVERY, AND THE INTERNATIONALIZATION OF THE RENMINBI IS STEADILY ADVANCING, WHICH HAS LED TO THE RECOGNITION OF THE RENMINBI BY MORE COUNTRIES AROUND THE WORLD. RENMINBI ASSETS HAVE BECOME HIGHLY ATTRACTIVE HIGH-QUALITY ASSETS.THE ADVANTAGES OF INDUSTRIAL CHAIN AND SUPPLY CHAIN ARE OBVIOUS. CHINA HAS A COMPLETE MANUFACTURING SYSTEM THAT CAN COMPLETE ALL PROCESSES OF RESEARCH AND DEVELOPMENT, DESIGN, PRODUCTION, AND COMMERCIALIZATION, AND HAS OBVIOUS ADVANTAGES IN A COMPLETE INDUSTRIAL CHAIN. AT THE SAME TIME, CHINA HAS THE ADVANTAGE OF A SUPER LARGE MARKET. THEREFORE, DESPITE THE IMPACT OF THE COVID-19, MULTINATIONAL ENTERPRISES DID NOT CHOOSE TO LEAVE CHINA, BUT MAINTAINED AND FURTHER INCREASED THEIR INVESTMENT IN CHINA.CHINA IS DEMONSTRATING ITS FIRM DETERMINATION TO SUPPORT ECONOMIC GLOBALIZATION AND IMPLEMENT OPENING-UP TO THE WORLD THROUGH A SERIES OF PRAGMATIC MEASURES. THE SUCCESSFUL SIGNING OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) AND THE TIMELY COMPLETION OF THE CHINA EUROPE INVESTMENT AGREEMENT NEGOTIATIONS HAVE INCREASED THE CERTAINTY OF FOREIGN INVESTMENT IN CHINA, PROVIDED INSTITUTIONAL GUARANTEES FOR PROTECTING THE LEGITIMATE RIGHTS AND INTERESTS OF FOREIGN ENTERPRISES, AND CREATED A MORE FAIR, ORDERLY, AND DYNAMIC BUSINESS ENVIRONMENT FOR ENTERPRISES, GREATLY ENHANCING THE CONFIDENCE OF FOREIGN INVESTMENT.LOOKING AHEAD TO THE FUTURE, THE SITUATION FACING CHINA REMAINS COMPLEX AND SEVERE. IN ORDER TO MAINTAIN STRONG ATTRACTION TO FOREIGN INVESTMENT, CHINA SHOULD CONTINUE TO EXPAND HIGH-LEVEL OPENING-UP, INNOVATE INVESTMENT ATTRACTION METHODS IN THE INDUSTRIAL CHAIN, ENHANCE THE LEVEL OF OPEN PLATFORMS, IMPROVE THE SERVICE GUARANTEE SYSTEM FOR FOREIGN INVESTMENT, AND USE A SOUND POLICY AND REGULATORY SYSTEM TO SAFEGUARD THE INTERESTS OF FOREIGN INVESTORS. AT THE SAME TIME, WE WILL FOCUS ON HIGH-QUALITY DEVELOPMENT, ADJUST THE ECONOMIC STRUCTURE, PROMOTE INDUSTRIAL UPGRADING, ENCOURAGE INNOVATION DRIVEN DEVELOPMENT, FURTHER IMPROVE OUR OWN INDUSTRIAL AND SUPPLY CHAINS, AND RELEASE LASTING APPEAL TO THE WORLD.