China sees 16.9% increase in new foreign-invested enterprises in first 11 months

China approved the establishment of 61,207 new foreign-invested enterprises from January to November this year, marking a year-on-year increase of 16.9 percent, according to data released by the Ministry of Commerce on Friday. 

The actual foreign direct investment (FDI) inflow reached 693.2 billion yuan ($98.5 billion) during the period, down 7.5 percent year on year. However, FDI in November alone showed a year-on-year growth of 26.1 percent. 

The manufacturing sector attracted 171.7 billion yuan in actual FDI, while the services sector attracted 506.3 billion yuan. 

High-tech industries saw 221.3 billion yuan in actual FDI. Within this category, significant growth was recorded in specific sectors: e-commerce services (+127 percent), manufacturing of medical equipment and instruments (+46.5 percent), and manufacturing of aerospace vehicles and equipment (+41.9 percent).

Switzerland (+67 percent), the United Arab Emirates (+47.6 percent), and the United Kingdom (+19.3 percent) posted notable year-on-year growth in their actual investment in China.

(Cover via VCG)