ON NOVEMBER 23, THE RUSSIAN FREE MEDIA NETWORK PUBLISHED A REPORT TITLED "INVESTORS FROM AROUND THE WORLD ARE HEADING TO CHINA, INCLUDING AMERICAN INVESTORS", STATING THAT AMONG ALL MAJOR COUNTRIES, CHINA IS BECOMING NOT ONLY *******, BUT ALSO ALMOST THE ONLY INVESTMENT DESTINATION. TO A LARGE EXTENT, THIS IS DUE TO ITS SUCCESSFUL FIGHT AGAINST THE EPIDEMIC IN THE CONTEXT OF THE OVERALL UNCERTAINTY OF THE TRANSMISSION SITUATION OF COVID-19 IN OTHER COUNTRIES IN THE WORLD. ANDREI OSTROVSKY, DEPUTY DIRECTOR OF THE INSTITUTE OF FAR EASTERN STUDIES AT THE RUSSIAN ACADEMY OF SCIENCES, BELIEVES THAT THE SIGNING OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) ACTUALLY MEANS THAT CHINA HAS TAKEN AWAY THE CHAMPIONSHIP TITLE IN THE ASIA PACIFIC REGION FROM THE UNITED STATES. IN THE FUTURE, THE UNITED STATES WILL NOT BE ABLE TO EXPECT TO HOLD LEADERSHIP THERE. THE FULL TEXT IS EXCERPTED AS FOLLOWS:ACCORDING TO DATA FROM THE CHINESE MINISTRY OF COMMERCE, IN OCTOBER, THE COUNTRY'S ACTUAL USE OF FOREIGN INVESTMENT INCREASED BY 18.4% YEAR-ON-YEAR, REACHING 11.83 BILLION US DOLLARS, ACHIEVING YEAR-ON-YEAR GROWTH FOR SEVEN CONSECUTIVE MONTHS.IT IS NOTEWORTHY THAT THE ACTUAL USE OF FOREIGN CAPITAL IN HIGH-TECH SERVICE INDUSTRIES HAS GROWN RAPIDLY. FROM JANUARY TO OCTOBER THIS YEAR, THE DATA INCREASED BY 27.8% YEAR-ON-YEAR, WITH R&D AND DESIGN SERVICES GROWING BY 82.1% YEAR-ON-YEAR.THIS REFLECTS NOT ONLY THE ATTRACTIVENESS OF THE CHINESE ECONOMY TO FOREIGN COMPANIES, BUT ALSO THE TREND OF HIGH-TECH FLOWING TO CHINA. AGAINST THE BACKDROP OF WASHINGTON'S RECENT ADMINISTRATIVE RESTRICTIONS ON CHINA, THIS IS PARTICULARLY SIGNIFICANT.US PRESIDENT TRUMP HAS BANNED LARGE COMPANIES FROM INSTALLING SOFTWARE AND SHARING TECHNOLOGY ON CHINESE ELECTRONIC PRODUCTS. BUT CHINA SEEMS TO BE GRADUALLY GAINING TECHNOLOGICAL INDEPENDENCE, WHICH PROVIDES THE COUNTRY WITH TRULY UNLIMITED POSSIBILITIES.IT IS ALSO INTERESTING THAT IN THE CONTEXT OF GLOBAL COMPETITION BETWEEN CHINA AND THE UNITED STATES, MANY AMERICAN COMPANIES' FUNDS HAVE SIDED WITH CHINA. THE CHINESE MINISTRY OF COMMERCE SAID THAT INVESTMENT FROM THE UNITED STATES INCREASED BY 6% YEAR-ON-YEAR IN THE FIRST SIX MONTHS OF THIS YEAR.RECENTLY, FOREIGN INVESTMENT IS EXPECTED TO EXPERIENCE EXPLOSIVE GROWTH.ANDREI OSTROVSKY, DEPUTY DIRECTOR OF THE FAR EAST INSTITUTE OF THE RUSSIAN ACADEMY OF SCIENCES, BELIEVES THAT IN THE FUTURE, MOST MAJOR INVESTORS WILL FOCUS THEIR ATTENTION ON CHINA. HE SAID, "CHINA'S GLOBAL STATUS TODAY IS INDEED CRUCIAL. THE ESTABLISHMENT OF FREE TRADE ZONES BETWEEN CHINA, JAPAN, AUSTRALIA, SOUTH KOREA, NEW ZEALAND, AND THE 10 ASEAN COUNTRIES HAS BECOME AN IMPORTANT MILESTONE. THE SIGNING OF THE REGIONAL COMPREHENSIVE ECONOMIC PARTNERSHIP (RCEP) ACTUALLY MEANS THAT CHINA HAS TAKEN AWAY THE CHAMPIONSHIP TITLE IN THE ASIA PACIFIC REGION FROM THE UNITED STATES. IN THE FUTURE, THE UNITED STATES WILL NOT BE ABLE TO EXPECT TO HOLD LEADERSHIP THERE, LET ALONE ITS DOMESTIC POLITICAL CRISIS. NO ONE KNOWS HOW BIDEN WILL BEHAVE. AFTER THE SIGNING OF THE AGREEMENT, CHINA HAS TAKEN THE LEAD IN THE WORLD ECONOMY, WHICH IS AN ESTABLISHED FACTFREE MEDIA NETWORK: CAN IT BE SAID THAT CHINA IS THE ONLY LONG-TERM INVESTMENT DESTINATION AMONG MAJOR POWERS TODAY?OSTROVSKY REPLIED: THE ACTUAL SITUATION IS LIKE THIS. CHINA HAS BEEN THE MOST SUCCESSFUL IN DEALING WITH THE EPIDEMIC, EVEN COMPARED TO SOUTH KOREA, WHICH HAS IMPLEMENTED EXTREMELY STRICT RESTRICTIVE MEASURES. IN CHINA, THE SAFETY OF PEOPLE AND CAPITAL IS GUARANTEED. MANY AMERICAN COMPANIES HAVE BEGUN TO CONSIDER WHETHER TO RELOCATE THEIR CAPITAL OUT OF CHINA, AT LEAST TO AVOID THE STORM THERE WHILE THE PANDEMIC IS STILL ONGOING. BESIDES, NO ONE KNOWS HOW LONG THE EPIDEMIC WILL LAST.AT PRESENT, IT IS EXPECTED THAT THE GROSS DOMESTIC PRODUCT (GDP) OF ALMOST ALL COUNTRIES WILL DECLINE, WITH DEVELOPED COUNTRIES EXPERIENCING A DECLINE OF BETWEEN 4% AND 8%, AND SOME COUNTRIES EVEN REACHING AS HIGH AS 15%. CHINA HAS RISEN INSTEAD OF FALLING. ACCORDING TO MY ESTIMATION, THE INCREASE WILL BE BETWEEN 2.5% AND 4%.Q: CAN YOU EXPECT THE "DOMINO EFFECT" - AFTER SOUTHEAST ASIAN INVESTORS, AMERICANS AND EUROPEANS WILL ALSO COME, AND EVENTUALLY, ALL INVESTORS WILL FOCUS ON CHINA?ANSWER: INVESTMENT IN CHINA IS ALREADY UNDERWAY. IN 2019, CHINA'S ACTUAL USE OF FOREIGN INVESTMENT WAS ABOUT 138 BILLION US DOLLARS. THIS NUMBER IS SOMETHING THAT RUSSIA COULD NEVER DREAM OF. BUT THE KEY POINT IS THAT EVEN WITH SUCH A LARGE SCALE OF FUNDS, IT IS STILL A DROP IN THE BUCKET COMPARED TO ALL INVESTMENTS IN THE CHINESE ECONOMY. IN 2019, CHINA'S GDP IS 99 TRILLION YUAN, AND THE ANNUAL DOMESTIC FIXED ASSETS INVESTMENT IS ABOUT 65 TRILLION YUAN, AND MOST OF IT IS NOT FROM THE STATE FINANCE, BUT FROM PRIVATE INVESTMENT.IF FOREIGN INVESTMENT CONTINUES TO GROW, THE CHINESE ECONOMY WILL EXPAND TO AN UNPRECEDENTED SCALE.