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        2. Your Position: Home > News > Industry News

          China sees growing presence of foreign firms

          2016/4/13      view:

          BEIJING--Chinahasseenarapidlygrowingpresenceofforeign-fundedfirmsinitseconomyoverthepastfiveyearsthankstoamorefavorablebusinessenvironment,officialdatashowedTuesday.

          Atotalof196,500foreign-fundedfirmswereestablishedfrom2011to2015,whichbroughtaboutaninvestmentof$1.39trillion,datafromtheStateAdministrationforIndustry&Commerce(SAIC)showed.

          Thisbroughtthetotalnumberofforeign-fundedenterprisesinChinato481,200bytheendof2015,withaccumulativeinvestmentreaching$4.54trillion,accordingtotheSAIC.

          Thenumberofnewforeignfirmsandtheamountoftheirinvestmentgrewfasterinthelastcoupleofyears,especiallyaftertheestablishmentoffreetradezonesinShanghaiandothercitiesorprovinces,andtheintroductionofreformsdesignedtofacilitateforeigninvestment,saidastatementoftheSAIC.

          Duringthisperiod,theservicesectorattractedthemostforeigninvestment,withnearly160,000outofthe196,500firmsgoingintothesectorwithinvestmentsworth$598.3billion,theSAICdatashowed.

          ThetrendwasinlinewithChina'soveralleconomicrestructuring.Foreignfirmshavebeenputtinganincreasingamountoffundingintowholesale,retail,renting,businessservices,scienceresearch,technologicalservicesandthefinancialsector,saidtheSAIC.

          Inthemeantime,thenumberofforeign-fundedmanufacturingcompaniesinChinadippedbyanaveragepaceof3.3percenteachyearinthefiveyears,thedatashowed.

          Inthe2016-2020period,Chinawillcontinueitseffortstomakethecountryapreferreddestinationforforeignfirms,officialshadsaidonmanyoccasions.

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