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)
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