China’s FDI in January: Big number of new foreign-invested enterprises, but overall FDI edged down 11.7 percent

Foreign investment plays a vital role in promoting common prosperity and the development of the Chinese and world economies, according to the State Council Executive Meeting chaired by Premier Li Qiang.

China saw a significant increase in the number of newly established foreign-invested enterprises in January, said the Ministry of Commerce on Friday, with 4,588 companies being set up nationwide, representing year-on-year growth of 74.4 percent.

Meanwhile, China has witnessed the continuous optimization of its foreign investment structure, the head of the ministry’s department of foreign investment administration said on Friday, pointing out that FDI in high-tech manufacturing in January jumped 40.6 percent on a yearly basis.

However, foreign direct investment into the country in terms of actual use edged down 11.7 percent year-on-year to 112.71 billion yuan ($15.66 billion) last month, the ministry said.
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Going forward, more forceful measures will be employed to forge a world-class, market-oriented business environment governed by a sound legal framework, in order to solidify the confidence of foreign investors in expanding their presence in China and improve the overall quality of the investment and trade environment, the meeting said.