We once again urge the US side to immediately stop its wrong practices and lift unilateral sanctions against Chinese companies. At the same time, China will take all necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises.
As for whether foreign companies will migrate out of China in the context of the escalation of trade frictions between China and the United States, the summit points out that China is still the most attractive country for global investment in terms of investment. China has complete infrastructure, supporting industrial system, constantly improving business environment, and huge consumer market potential, constantly upgrading.
He said that Chinas investment market has broad prospects. In 2018, Chinas actual utilization of foreign capital was US$41.2 billion, of which the utilization of foreign capital in manufacturing industry increased 22.9% compared with the previous year, and the utilization of foreign capital in manufacturing industry increased 8.3% in the previous May. This fully demonstrates the firm confidence of foreign enterprises in China.
According to Gao Feng, recent studies by IMF, Morgan and Goldman Sachs show that the cost of tariff increases in the United States ultimately falls on American importers, retailers and consumers.