News Network reported on November 25 that the Russian Free Media Network published a report entitled "Investors from all over the world are going to China, including American investors" on November 23, stating that among all major countries, China is becoming more than The largest, and almost the only investment destination. This is largely due to its successful fight against the epidemic in the context of the overall uncertainty in the spread of the new crown virus in other countries in the world. Andrei Ostrovsky, deputy director of the Institute of Far East Studies of the Russian Academy of Sciences, believes that the signing of the Regional Comprehensive Economic Partnership (RCEP) actually means that China has taken the title of Asia-Pacific champion from the United States. In the future, the United States will not be able to expect leadership there. The full text is excerpted as follows:

  According to data from the Ministry of Commerce of China, in October, the country's actual use of foreign capital increased by 18.4% year-on-year, reaching 11.83 billion U.S. dollars, achieving year-on-year growth for seven consecutive months.

  What is striking is 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, of which R&D and design services increased 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 flows to China. This is especially meaningful in the context of Washington's recent administrative restrictions on China.

  US President Trump prohibits large companies from installing software and sharing technology on Chinese electronic products. But China appears 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 in the first six months of this year, investment from the United States increased by 6% year-on-year.

  In the near term, foreign investment is fully expected to show explosive growth.

  Andrei Ostrovsky, deputy director of the Far East Institute of the Russian Academy of Sciences, believes that in the future, most large investors will focus on China. He said: “China’s status in the world today is indeed very important. The establishment of a free trade area by 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 Agreement (RCEP) actually means that China has The United States has taken away the title of champion in the Asia-Pacific region. In the future, the United States will not be able to count on holding leadership there, not to mention its domestic political crisis, and no one knows how Biden will behave. After the signing of the agreement, China will occupy the world. The position of the economic leader is a fait accompli."

  Q: Can you say that China is today the only long-term investment destination among major countries?

  Ostrovsky's answer: This is the actual situation. China has been the most successful in responding to the epidemic, even when compared with South Korea, which has extremely restrictive measures. In China, the safety of people and funds is guaranteed. Many U.S. companies have begun to consider whether to move their capital out of China, at least where the epidemic has not subsided. Besides, no one knows how long the epidemic will last.

  At present, the gross domestic product (GDP) of almost all countries is expected to decline, with developed countries falling between 4% and 8%, and individual countries as high as 15%. China does not fall but rises. According to my estimation, the increase will be between 2.5% and 4%.

  Question: Can you expect the "domino effect"-after Southeast Asian investors, Americans and Europeans will also arrive. Eventually, all investors will focus on China?

  Answer: Investment in China is already underway. In 2019, China's actual use of foreign capital was approximately US$138 billion. This number is something that Russia would never dream of. But the point is that even with such a huge amount of money, it is only a fraction of the total investment in the Chinese economy. In 2019, China's GDP is 99 trillion yuan, and its annual fixed asset investment is about 65 trillion yuan, and most of it does not come from state finances but from private investment.

  If foreign investment continues to grow, the Chinese economy will expand to an unprecedented scale.