China's foreign-invested enterprises on the rise

China saw newly established foreign-invested enterprises reach 37,814 in the first three quarters of 2023, a year-on-year increase of 32.4 percent, data from the Ministry of Commerce showed.

Foreign direct investment into the Chinese mainland in terms of actual use dropped 8.4 percent year-on-year to 919.97 billion yuan ($125.74 billion) from January to September, the ministry said in an online statement.

The FDI used in China's manufacturing sector amounted to 262.41 billion yuan during the nine-month period, representing a 2.4 percent increase on a yearly basis, with high-tech manufacturing seeing a growth of 12.8 percent year-on-year.

Regarding the source of foreign investment, France, the United Kingdom, Canada, Switzerland and the Netherlands saw actual investments in China grow by 121.7 percent, 116.9 percent, 109.2 percent, 76.9 percent and 32.6 percent, respectively, data from the commerce ministry showed.