On November 11, Tang Wenhong, director of the Foreign Investment Department of the Ministry of Commerce, said that 2,042 foreign-invested enterprises were established in China in October, up 2.5% year-on-year, and the foreign investment in actual use reached RMB54.68 billion, up 4.2% year-on-year.

 

Tang said, foreign investment in China in the first 10 months of this year continue the early trend for an overall steady increase. From January to October, a total of 21,022 foreign-invested enterprises were established in China, up 9.3% year-on-year, and the foreign investment in actual use reached RMB639.42 billion, up 8.6% year-on-year.

 

He said that the business structure of foreign investment has been further optimized. In the first 10 months, the foreign investment in actual use in the service sector reached USD63.42 billion, up 19.4% year-on-year, accounting for 61.2% of the national total; that in the high-tech services reached USD6.76 billion, up 57.5% year-on-year; that in the scientific research services, IT services and research and development and design services respectively had a year-on-year increase of 86.5%, 48.8% and 41.3%.

 

In addition, the foreign investment in actual use in the manufacturing sector reached USD32.6 billion, up 0.2% year-on-year, accounting for 31.4% of the national total; that in high-tech manufacturing reached USD7.58 billion, up 11.6% year-on-year, accounting for 23.3% of the total of the manufacturing sector; that in communication equipment manufacturing, electronic device manufacturing, chemical medicine manufacturing respectively had a year-on-year increase of 143.6%, 36.2% and 20.8%.

 

Statistics of the Ministry of Commerce indicated the polarization of foreign investment from the major investment sources. The investment from the ASEAN, the European Union, the countries along the “Belt and Road”, Hong Kong and Macao respectively had an increase of 10.8%, 13.7%, 14%, 12.6% and 68.9%; the investment from Japan, the United States and Taiwan respectively had an decrease of 25.1%, 13.6% and 19.3%.

 

Source: Translate from Invest Guangzhou, November 12, 2015