Further new foreign companies established in China during January- August

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Further new foreign companies established in China during January- August

[15/09/2024 01:02]

BEIJING-SABA
The Chinese Ministry of Commerce announced that China saw a total of 36,968 new foreign-invested enterprises established across the country during the first eight months of 2024, up 11.5 percent year on year.

The Chinese News Agency (Xinhua) quoted the ministry as saying that total foreign direct investment in the Chinese mainland was in actual use during the period of 580.2 billion yuan (about 81.7 billion U.S. dollars), down 31.5 percent from the previous year.

The high-tech manufacturing sector attracted 12.4 percent, or 72.1 billion yuan, of total FDI inflow, up 1.9 percentage points from the same period last year.