Lujiazui area in Shanghai Photo:Xinhua
A total of 48,921 foreign-invested enterprises were established across the country from January to September, increasing 16.2 percent year-on-year, the Ministry of Commerce said on Saturday.
During the period, foreign direct investment (FDI) in actual use totaled 573.75 billion yuan ($80.57 billion), which was down 10.4 percent year-on-year. In September alone, the FDI increased by 11.2 percent year-on-year.
The actual use of FDI during the period came in at 150.09 billion yuan in the manufacturing industry, and at 410.93 billion yuan in the services industry.
The actual use of FDI in China’s high-tech sectors totaled 170.84 billion yuan, with FDI in the e-commerce services, aerospace equipment manufacturing, and medical instrument manufacturing sectors surging 155.2 percent, 38.7 percent, 17 percent, respectively.
By source, investment from Japan, UAE, the UK and Switzerland grew 55.5 percent, 48.7 percent, 21.1 percent and 19.7 percent, respectively.
Global Times